Eastman Chemical: Went 'Buy' Too Early, But Now It's Cheap

Eastman Chemical is rated 'Buy' with a $104/share price target, reflecting 15%+ annualized upside at current levels. EMN's leadership in molecular recycling and specialty materials underpins long-term growth, despite recent EPS declines and macro-driven volume weakness. Strong cash generation, a well-covered 4.5% dividend, and an IG-rated balance sheet support downside protection even in a challenging macro environment.