Citi Lifts Eastman Chemical (EMN) Price Target amid Strait of Hormuz Impact

Eastman Chemical Company (NYSE:EMN) is included among the 14 Quality Stocks with Highest Dividends.

Citi Lifts Eastman Chemical (EMN) Price Target amid Strait of Hormuz Impact

On March 12, Citi raised its price recommendation on Eastman Chemical Company (NYSE:EMN) to $84 from $78. It reiterated a Buy rating on the shares. The firm increased its commodity chemical forecasts, reflecting the impact of the Iran conflict and the closure of the Strait of Hormuz on capacity and shipments.

During the Q4 2025 earnings call, the company said it expects a meaningful improvement in earnings in 2026. Chairman and CEO Mark Costa indicated that earnings could reach the upper end of expectations. He noted that a figure around $6 per share falls within the range the company sees as achievable. He also pointed to some uncertainty tied to broader macroeconomic conditions but highlighted several factors that could support results. These include planned cost reductions of $225 million to $250 million over two years, along with volume growth driven by innovation.

The outlook assumes relatively stable volumes in the Fibers segment and continued growth in Advanced Materials. He added that the company’s circular economy platform, along with rPET-related contracts, including work with PepsiCo, is expected to support revenue growth.

Eastman Chemical Company (NYSE:EMN) operates as a global specialty materials company. It produces a range of products used in everyday items and reports across four segments: Advanced Materials (AM), Additives & Functional Products (AFP), Chemical Intermediates (CI), and Fibers.

While we acknowledge the risk and potential of EMN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EMN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 15 Best Safe Dividend Stocks for 2026

Disclosure: None. Follow Insider Monkey on Google News.