Citigroup cuts target for Eastman Chemical stock to USD 76.00

Published on 10/07/2026 at 02:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup cut its target to USD 76.00 on September 30, 2026. For Eastman Chemical stock, second-quarter revenue reached USD 2.51 billion, up 9.90 percent.

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Citigroup cut its Eastman Chemical target from USD 81.00 to USD 76.00 on September 30, 2026, according to MarketBeat. The cut leaves the rating at Buy, while the broader analyst picture remains mixed.

Target cut meets stronger revenue

Eastman reported USD 2.51 billion of revenue in the second quarter of 2026, compared with a USD 2.40 billion consensus estimate, according to MarketBeat. Revenue rose 9.90 percent from the same quarter a year earlier, giving the target reduction a more complicated backdrop than a simple earnings miss.

Eastman's diluted earnings per share reached USD 1.59 in the second quarter, while the linked analyst report also cites USD 1.97 as the quarterly earnings figure used in its results summary. The source gives the prior-year earnings-per-share figure as USD 1.60, making revenue the clearer positive comparison in the latest period.

Analyst targets remain above the stock

MarketBeat's October 6, 2026 report puts the average 12-month price objective at USD 77.69, based on 15 brokerages. Seven analysts rate Eastman Chemical Buy and eight rate it Hold, with the split explaining why the consensus rating is Hold despite the target remaining above the reported NYSE price.

Citigroup's move contrasts with Royal Bank of Canada's August 5, 2026 increase in its target from USD 69.00 to USD 74.00, while UBS lowered its target from USD 92.00 to USD 77.00, all figures reported by MarketBeat. The range of revisions points to differing views on Eastman's specialty-materials demand and earnings durability.

Prior close sets the euro reference

The prior close at Lang & Schwarz was EUR 56.94 on October 5, 2026. Eastman Chemical had a market capitalization of USD 7.3 billion as of October 6, 2026, and its business spans specialty materials used in transportation, construction, consumer goods, medical products and personal care.

The further course of trading is shown by the continuously updated real-time quote of Eastman Chemical stock.