JPMorgan cuts target for Eastman Chemical stock from USD 82.00 to USD 66.00

Published on 10/20/2026 at 19:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 9.90 percent to USD 2.51 billion on July 30, 2026. Eastman Chemical stock costs EUR 56.13 on October 20, 2026.

Analyst target and valuation

On October 16, 2026, JPMorgan cut its Eastman Chemical target from USD 82.00 to USD 66.00.
Second-quarter 2026 revenue rose 9.90 percent to USD 2.51 billion, while adjusted earnings per share reached USD 1.97.
Eastman Chemical stock costs EUR 56.13 at Lang & Schwarz on October 20, 2026 at 7:32 p.m. CEST.

EMN, US2774321002, Illustration mit AI erstellt.

JPMorgan cut its Eastman Chemical target from USD 82.00 to USD 66.00 on October 16, 2026, moving its rating from Overweight to Neutral, as Markets Insider reported. Eastman Chemical was trading at EUR 56.13 at Lang & Schwarz on October 20, 2026 at 7:32 p.m. CEST.

Revenue beat expectations in Q2

Eastman Chemical generated USD 2.51 billion in revenue in the second quarter of 2026, up 9.90 percent from the same period a year earlier. Adjusted earnings per share reached USD 1.97, compared with a USD 1.82 consensus estimate, according to MarketBeat on October 16, 2026. The quarterly report was released on July 30, 2026.

Stock stays above its yearly low

On the NYSE, Eastman Chemical was trading at USD 63.06 on October 20, 2026 at 1:35 p.m. ET. Its 52-week range was USD 56.11 to USD 83.47 as of October 20, 2026, placing the stock 12.39 percent above its low and 24.46 percent below its high.

The company had a market capitalization of USD 7.2 billion and a price-to-earnings ratio of 16.38 as of October 20, 2026. The latest quote showed 525,035 shares traded, while the annual dividend yield was 5.00 percent.

What does the target mean for valuation?

JPMorgan's USD 66.00 target stood 4.66 percent above the NYSE price of USD 63.06 on October 20, 2026. Markets Insider said the bank was concerned that commodity values could work against Eastman, while the company produces about 500 million pounds of propylene and buys a similar amount on a cost-plus basis.

Comparison with peers

Eastman Chemical: price-to-earnings ratio 16.38 and market capitalization USD 7.2 billion as of October 20, 2026.

LyondellBasell Industries N.V. (NYSE, USD): price-to-earnings ratio minus 57.03 and market capitalization USD 20.5 billion as of October 20, 2026.

PPG Industries, Inc. (NYSE, USD): price-to-earnings ratio 15.52 and market capitalization USD 24.1 billion as of October 20, 2026.

Eastman stock and the dollar quote

The analyst reset puts the USD 66.00 target only modestly above the latest NYSE quote, while Eastman's second-quarter revenue growth provides a stronger operating reference. The euro quotation was EUR 56.13 at Lang & Schwarz on October 20, 2026 at 7:32 p.m. CEST.

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