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Eastman Chemical looks cheap - Barron's

2015-04-05 17:04:00| Chemicals - Topix.net

At a price-earnings ratio below 10x, shares could rise 35% to $92 in one year as solid long-term growth prospects and its 2.4% dividend yield push shares back to a historical valuation of 12x. "Our cost advantages in the U.S. aren't nearly as important as our differentiated technology," CEO Mark Costa says.

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