December 20, 2012 at 14:04 PM EST
UPDATE: Gilford Securities Upgrades Eastman Chemical to Buy on Growth Outlook
Gilford Securities raised its rating on Eastman Chemical (NYSE: EMN ) from Hold to Buy with a $75 price target. Gilford Securities commented, "In the near term, we use a 2013 estimated P/E of 12x to get a target price of $75. Longer term, we see more upside.
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