Wells Fargo cuts Eastman Chemical stock target to USD 68.00
Published on 10/17/2026 at 19:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly revenue
- Wells Fargo lowered its Eastman Chemical target from USD 80.00 to USD 68.00 on October 16, 2026.
- Second-quarter revenue reached USD 2.51 billion versus USD 2.40 billion expected on July 30, 2026.
- Eastman Chemical stock last stood at EUR 55.40 at 9:17 p.m. CEST on October 16, 2026, minus 0.14 percent versus the Tradegate close of October 15, 2026.
- Eastman Chemical had a USD 7.1 billion market capitalization and a 16.19 price-to-earnings ratio as of October 16, 2026.
Wells Fargo lowered its Eastman Chemical target from USD 80.00 to USD 68.00 on October 16, 2026, while keeping an Equal Weight rating, according to Markets Insider. The new target stood 9.09 percent above the USD 62.33 NYSE price at the October 16, 2026 close. Eastman Chemical stock last stood at EUR 55.40 on Tradegate on October 16, 2026 at 9:17 p.m. CEST, minus 0.14 percent versus the Tradegate close of October 15, 2026.
Second-quarter revenue beat estimates
Eastman Chemical reported second-quarter 2026 adjusted earnings per share of USD 1.97 against USD 1.82 expected, while revenue reached USD 2.51 billion versus USD 2.40 billion expected. MarketBeat reported those figures on October 16, 2026, citing the July 30, 2026 results. The revenue comparison represents a USD 0.11 billion gap between actual revenue and consensus.
Price remains below the yearly high
The NYSE price stood 11.09 percent above the USD 56.11 52-week low and 25.33 percent below the USD 83.47 high on October 16, 2026. Eastman Chemical's year-to-date performance was minus 2.35 percent, while volume reached 1,763,399 shares against an average of 1,174,742, according to Yahoo Finance.
Valuation and October 29 results
Eastman Chemical had a USD 7.1 billion market capitalization, a 16.19 price-to-earnings ratio and a 5.26 percent forward dividend yield as of October 16, 2026. Yahoo Finance listed October 29, 2026 as the next earnings date. The combination gives the stock report a clear calendar marker without turning the analyst target into a recommendation.
The euro quote remains dated
The last euro quotation stood at EUR 55.40 on Tradegate on October 16, 2026 at 9:17 p.m. CEST, minus 0.14 percent versus the Tradegate close of October 15, 2026. The primary listing is NYSE in USD, so the euro quotation and the home-market figures remain separate.
Market context: Market report S&P 500.
Eastman Chemical stock market facts
- Company: Eastman Chemical Company
- ISIN: US2774321002
- WKN: 889082
- Ticker: EMN
- Primary exchange: NYSE
- Last euro price on Tradegate (as of October 16, 2026, 9:17 p.m. CEST): EUR 55.40
- Change versus Tradegate close: minus 0.14 percent
- Market capitalization: USD 7.1 billion (as of October 16, 2026)
- 52-week range: USD 56.11-83.47 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Specialty Chemicals
- Index membership: S&P 500
- Next earnings date: October 29, 2026
Market context: Market report S&P 500.
