Eastman Chemical Shares Face Persistent Downturn

Eastman Chemical Company’s stock has plunged to a fresh 52-week low, continuing a downward trajectory that shows little sign of abating. The chemical manufacturer confronts substantial headwinds, with its share value having eroded by more than 42 percent over the past year. What fundamental factors are driving this sustained decline?

Despite the stock’s pronounced weakness, a notable optimism persists among market analysts. The consensus rating remains a “Moderate Buy,” derived from the assessments of fifteen research firms. The average price target sits at $79.86, suggesting a potential upside of nearly 39 percent from current trading levels. This positive outlook, however, stands in stark contrast to the technical chart picture, where the Read more...