Added to YB: 2024-07-12
Pitch date: 2024-07-10
EMN [bullish]
Eastman Chemical Company
-29.83%
current return
Author Info
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Company Info
Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally.
Market Cap
$6.6B
Pitch Price
$92.80
Price Target
N/A
Dividend
5.77%
EV/EBITDA
6.34
P/E
9.57
EV/Sales
1.26
Sector
Chemicals
Category
growth
Show full summary:
ClearBridge ESG Investment Strategy Portfolio Holding - Eastman Chemical Company
EMN: Innovative chemical recycling tech (PRT & CRT) for plastics; competitive edge in molecular recycling. 1st plant operational in TN, 2nd planned in TX w/ Pepsi as anchor customer. EU's new packaging rules boost demand. Take-or-pay contracts improve earnings visibility. Helps companies meet recycled content goals. Potential for valuation re-rating.
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