Chart of the Day - Eastman Chemical (EMN)

The "Chart of the Day" is Eastman Chemical (EMN), which showed up on Thursday's Barchart "All-Time High" list. Eastman on Thursday posted a new all-time high of $56.70 and closed +2.94%. TrendSpotter has been long since July 3 at $50.89. In recent news on the stock, Eastman on July 30 reported Q2 EPS of $1.40 versus the consensus of $1.30. Wells Fargo on Aug 1 reiterated its Outperform rating on Eastman and said the company's valuation will increase. Lazard on July 25 initiated coverage on Eastman with a Buy and a target of $67. Eastman Chemical, with a market cap of $8 billion, is a global chemical company with a broad portfolio of chemical, plastic, and fiber products.