Analysts Have Conflicting Sentiments on These Conglomerates Companies: Eastman Chemical (NYSE: EMN) and Cummins (NYSE: CMI)

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Eastman Chemical (EMNResearch Report) and Cummins (CMIResearch Report).

Eastman Chemical (EMN)

Jefferies analyst Laurence Alexander maintained a Buy rating on Eastman Chemical on August 5 and set a price target of $85.00. The company’s shares closed last Friday at $73.06.

According to TipRanks.com, Alexander is a 5-star analyst with an average return of 11.8% and a 68.3% success rate. Alexander covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, GCP Applied Technologies, and Axalta Coating Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eastman Chemical with a $81.23 average price target, which is a 13.5% upside from current levels. In a report issued on August 5, Deutsche Bank also maintained a Buy rating on the stock with a $80.00 price target.

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Cummins (CMI)

In a report issued on August 5, Stephen Volkmann from Jefferies maintained a Hold rating on Cummins, with a price target of $190.00. The company’s shares closed last Friday at $199.27, close to its 52-week high of $204.98.

According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 19.3% and a 71.1% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Parker Hannifin, and Caterpillar.

Cummins has an analyst consensus of Hold, with a price target consensus of $196.21, implying a 0.1% upside from current levels. In a report issued on July 29, Oppenheimer also maintained a Hold rating on the stock.

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