# J.P. Morgan Cuts Eastman Chemical to Neutral, Lowers Target to $66

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/33795
Published: 2026-10-17T06:34:01.000Z
Updated: 2026-10-17T06:34:01.000Z
Section: Investing

> The bank cited less favorable commodity spreads as propane prices rose while propylene and ethylene prices fell. Eastman shares declined 2.6% on Oct. 16.

Eastman Chemical Company (EMN) shares fell 2.6% Friday, Oct. 16, after J.P. Morgan cut its rating to Neutral and lowered its price target to $66 from $82 amid weaker commodity spreads.

J.P. Morgan moved Eastman’s rating down from Overweight to Neutral. The bank cited rising propane prices alongside falling prices for propylene and ethylene, a mix it said had made commodity spreads less favorable.