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Eastman Chemical Company (NYSE:EMN) is included among the 15 Overlooked Dividend Stocks to Buy Right Now.
On November 5, BofA raised its price target for Eastman Chemical Company (NYSE:EMN) to $75 from $74 while maintaining a Buy rating, according to a report by The Fly. The analyst noted that 2026 could bring meaningful earnings tailwinds from cost savings and higher asset utilization, which may boost profits compared with 2025, even if demand in key markets remains soft and the company continues prioritizing cash generation over short-term earnings.
In its third-quarter 2025 earnings report, management emphasized ongoing cost-reduction efforts, aiming for $100 million in savings in 2026 on top of $75 million achieved this year. Chairman and CEO Mark Costa highlighted that the utilization boost for next year could range from $50 million to $75 million, depending on volumes.
Eastman Chemical Company (NYSE:EMN) reported mixed Q3 results, with revenue of $2.2 billion, down 10.6% year over year and $73.4 million below analysts’ estimates. Despite the revenue decline, the company maintained a solid cash position, generating $402 million in operating cash flow, consistent with the same quarter last year. During the quarter, Eastman returned $146 million to shareholders through dividends and share repurchases.
Eastman Chemical Company (NYSE:EMN) is a global specialty materials firm producing a wide range of advanced materials, chemicals, and fibers used in everyday products.
While we acknowledge the potential of EMN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Best DRIP Stocks to Own Right Now.
Disclosure: None.
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