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Eastman Chemical (EMN) Heads To Morgan Stanley Laguna, Is It Still Cheap?

Simply Wall St · 1d ago

Eastman Chemical (EMN) is set to present at Morgan Stanley's 14th Annual Laguna Conference on September 15, 2026. The appearance is putting fresh attention on the specialty materials producer and its recent share performance.

Over the past month, Eastman Chemical’s share price has retreated 12.15%, while the 1-year total shareholder return of 6.21% and 5-year total shareholder return, down 25.18%, point to fading longer term momentum as investors reassess both its earnings profile and perceived risk ahead of the conference appearance.

Scan beyond Eastman Chemical and size up other materials players that match this kind of conference-driven scrutiny with our hand-picked list of solid balance sheet and fundamentals (23 results).

The recent pullback leaves Eastman Chemical trading below analyst targets and an internal value estimate. This raises a simple tension: Is meaningful upside still ahead, or did most of the opportunity already pass earlier in the year?

Most Popular Narrative: 20% Undervalued

On Simply Wall St, the most followed narrative pegs Eastman Chemical’s fair value at $81.13, compared with the last close at $65.09. That gap puts the focus squarely on whether its specialty materials push and recycling projects can justify the implied upside.

Eastman's ongoing success and expansion in molecular recycling/methanolysis (including debottlenecking at Kingsport and operational improvements) positions the company to capture premium pricing and win volume as regulations and customer demand for recycled content accelerate, particularly as mechanical recycling underperforms in key end markets, driving sustained revenue growth and EBITDA margin expansion.

See why 23 investors see Eastman Chemical as 20% undervalued.

Result: Fair Value of $81.13 (UNDERVALUED)

Still, the Eastman Chemical story can break if weaker demand in autos and construction lingers, or if trade frictions and tariffs bite harder than analysts model.

Find out about the key risks to this Eastman Chemical narrative.

Next Steps

With mixed views circling Eastman Chemical, do not just rely on the headline narrative. Move quickly, review both sides of the story, and weigh the 5 key rewards and 2 important warning signs.

Looking for more investment ideas beyond Eastman Chemical?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.