UPDATE: Dahlman Rose Raises PT on Eastman Chemical to $112

Dahlman Rose is out with its report today on Eastman Chemical (NYSE: EMN), raising its PT from $105 to $112.

In a note to clients, Dahlman Rose writes, "We have raised our earnings outlook and our price target to $112/share from $105/share. We believe shares may come under pressure near term due to slower global growth, but should rebound from any setbacks. We see the company effectively managing its raw input costs and generating sustainable earnings growth."

Dahlman Rose maintains Buy on EMN.

At the time of posting, shares of EMN were trading at $101.35, up 0.74% from Wednesday's close.