NYSE:EMNChemicals
What Eastman Chemical (EMN)'s RBC Downgrade on Demand and Kingsport Delays Means For Shareholders
In recent days, RBC Capital Markets downgraded Eastman Chemical to “sector perform,” citing ongoing demand weakness, slimmer product premiums, reduced capital spending, and a slower-than-expected ramp-up at its Kingsport facility.
This shift highlights growing concern that operational improvements and cost savings may take longer to influence Eastman’s results than some investors previously anticipated.
With RBC’s cautious view emphasizing persistent demand weakness, we’ll now examine how...