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J.P. Morgan Reports Initiation of Dropbox (DBX) with $32.0000 Target; Profile of 9 Analysts Covering Eastman Chemical Company (EMN)

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Among 17 analysts covering Eastman Chemical Company (NYSE:EMN), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Eastman Chemical Company had 59 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 9 by Jefferies. The company was downgraded on Tuesday, August 2 by RBC Capital Markets. As per Tuesday, January 5, the company rating was upgraded by Citigroup. The rating was maintained by UBS with “Buy” on Friday, October 27. The company was maintained on Wednesday, February 7 by Cowen & Co. Deutsche Bank maintained the shares of EMN in report on Monday, May 2 with “Buy” rating. The rating was initiated by RBC Capital Markets on Wednesday, October 14 with “Outperform”. The rating was maintained by Wells Fargo on Monday, October 30 with “Buy”. The rating was downgraded by CLSA to “Underperform” on Monday, May 2. The stock of Eastman Chemical Company (NYSE:EMN) earned “Sector Perform” rating by RBC Capital Markets on Monday, October 31. See Eastman Chemical Company (NYSE:EMN) latest ratings:

17/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $103.0000 Maintain
09/03/2018 Broker: Jefferies Rating: Buy New Target: $125.0 Maintain
20/02/2018 Broker: Wells Fargo Rating: Buy New Target: $115.0 Maintain
07/02/2018 Broker: Cowen & Co Rating: Buy New Target: $115.0 Maintain
06/02/2018 Broker: Jefferies Rating: Buy New Target: $120.0 Maintain
05/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $100 New Target: $108 Maintain
04/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $105.0 Maintain
02/02/2018 Broker: SunTrust Rating: Hold New Target: $105.0 Maintain
25/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $97.0 Maintain
08/01/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $118.0 Maintain

J.P. Morgan analyst has started coverage with a Buy rating on Dropbox Inc (DBX) today and set a price target of $32.0000. The firm’s shares opened today at 0.

Dropbox Inc. provides a collaboration platform worldwide. The company has market cap of $11.89 billion. The Company’s platform allows individuals, teams, and organizations to create, access, and share content online. It currently has negative earnings. The firm was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009.

Among 9 analysts covering Dropbox Inc (DBX), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Dropbox Inc has $4000 highest and $22.0 lowest target. $33.22’s average target is 11.36% above currents $29.83 stock price. Dropbox Inc had 10 analyst reports since March 21, 2018 according to SRatingsIntel. As per Tuesday, April 17, the company rating was initiated by Jefferies. The stock of Dropbox, Inc. (NASDAQ:DBX) has “Hold” rating given on Tuesday, April 17 by RBC Capital Markets. Goldman Sachs initiated it with “Hold” rating and $2700 target in Tuesday, April 17 report. Canaccord Genuity initiated Dropbox, Inc. (NASDAQ:DBX) rating on Tuesday, April 17. Canaccord Genuity has “Buy” rating and $3500 target. The stock of Dropbox, Inc. (NASDAQ:DBX) has “Buy” rating given on Tuesday, April 17 by Deutsche Bank. As per Tuesday, April 17, the company rating was initiated by KeyBanc Capital Markets. Piper Jaffray initiated the shares of DBX in report on Tuesday, April 17 with “Buy” rating. DA Davidson initiated Dropbox, Inc. (NASDAQ:DBX) on Wednesday, March 21 with “Buy” rating. The stock of Dropbox, Inc. (NASDAQ:DBX) earned “Buy” rating by JMP Securities on Tuesday, April 17.

The stock increased 2.79% or $0.81 during the last trading session, reaching $29.83. About 3.41 million shares traded. Dropbox, Inc. (DBX) has 0.00% since April 18, 2017 and is . It has underperformed by 11.55% the S&P500.

Since October 31, 2017, it had 0 insider buys, and 10 selling transactions for $9.32 million activity. Shares for $435,516 were sold by WARMACK DAMON CARY. The insider King Scott V. sold $996,437. BOLDEA LUCIAN sold 3,325 shares worth $315,875. 47,000 Eastman Chemical Company (NYSE:EMN) shares with value of $4.70 million were sold by ESPELAND CURTIS E. Anderson Gary E sold $400,000 worth of stock. $406,360 worth of Eastman Chemical Company (NYSE:EMN) shares were sold by RAISBECK DAVID W. On Wednesday, February 7 the insider DEMERITT STEPHEN R sold $399,360.

Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company has market cap of $15.44 billion. The companyÂ’s Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; sulfur and antidegradant rubber additives; performance resins and amine-derivative building blocks; heat transfer and aviation fluids; formic-acid based solutions; and metam based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. It has a 11.42 P/E ratio. The Company’s products are used in coatings, tires, consumables, building and construction, animal nutrition, care chemical, crop protection, and energy markets.

Eastman Chemical Company (NYSE:EMN) Institutional Positions Chart

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