Eastman Chemical Company (EMN) Cut to Hold at Zacks Investment Research
Eastman Chemical Company (NYSE:EMN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, May 19th.
According to Zacks, “Eastman Chemical saw higher profit in first-quarter 2017, helped by its cost actions. Both adjusted earnings and sales topped the Zacks Consensus Estimate. The company backed its earnings growth expectations for 2017. Eastman Chemical remains focused on cost-cutting and productivity actions amid a challenging operating environment.