Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

BoA Upgrades Eastman Chemical

Banc Of America upgrades Eastman Chemical (EMN) to buy from neutral.

Analyst Kevin McCarthy says Eastman blew out the first quarter as there was broad strength among its specialty businesses, post-restructuring. He notes margins improved in all segments.

He still harbors concerns but thinks Eastman shares now offer an attractive compensation despite prospects for slower economic growth. He thinks earnings per share improvement is sustainable.

Unlike deeply cyclical commodity names, McCarthy believes Eastman's portfolio offers better shelter from volatile feedstock movement. He raises his $4.60 2005 earnings per share estimate to $6.45, his $4.90 2006 earnings per share estimate to $6.75, and his $60 target to $63.

blog comments powered by Disqus