Eastman Chemical Co (NYSE: EMN) shares recently surpassed the average analyst 12-month target price of $94.06, trading at $95.47. Analysts are now contemplating whether to downgrade the valuation or raise their target prices as the stock moves higher. The range of target prices among analysts varies from a low of $75.00 to a high of $115.00, with a standard deviation of $10.071.
In terms of ratings, Eastman has six “Strong Buy” recommendations, one “Buy,” and nine “Hold” ratings, with no sell ratings recorded. Current consensus indicates an average rating of 2.16 on a scale where 1 represents “Strong Buy” and 5 equates to “Strong Sell.” Investors are encouraged to evaluate whether the current price represents a new high target or if it is time to sell.
