Eastman Chemical Co

EMN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$516.00	Lcdvqdz	Kghbskq

Eastman Chemical Earnings: Profit Growth Exemplifies Our Recovery Thesis

Seth Goldstein

Jul 26, 2024

Eastman Chemical's second-quarter results reflected our view for the year of a demand recovery following the economic slowdown in 2023 that weighed on profits. As demand stabilized, Eastman generated a modest 5% year-on-year adjusted operating profit growth. With our outlook largely unchanged, we're maintaining our $125 fair value estimate for Eastman. Our narrow-moat rating is also unchanged.

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