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Add as a preferred source on GoogleJ.P. Morgan lowered its rating from Overweight to Neutral and cited rising propane prices alongside declines in propylene and ethylene.
J.P. Morgan cut its Eastman Chemical price target to $66 and moved its rating to Neutral, with shares down 2.6% Friday, Oct. 16, amid divergent chemical input prices.
The new target is $16 below the bank’s previous $82 level. J.P. Morgan changed its rating from Overweight to Neutral.
J.P. Morgan pointed to a tougher spread environment, citing rising propane prices and falling prices for propylene and ethylene.
The 30 consecutive business days ran from Aug. 31 through Oct. 12, 2026; Fort received the notice Oct. 13.
The $7.48 figure was a quote for one MARA share, not a price for Bitcoin (BTC).
Needham said the retailer’s recovery will span several years.
