{
  "id": 14917832,
  "title": "JPMorgan downgrades Eastman Chemical stock rating on commodity spreads",
  "url": "https://urgent.news/2026/10/16/jpmorgan-downgrades-eastman-chemical-stock-rating-on-commodity-spreads",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-16T09:20:55.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jpmorgan-downgrades-eastman-chemical-stock-rating-on-commodity-spreads-93CH-4953444"
  },
  "original_language": "en",
  "account": null,
  "summary": "JPMorgan has downgraded Eastman Chemical's stock rating to Neutral from Overweight and reduced its price target to $66.00 from $82.00, citing narrowing commodity spreads as the primary reason. Specifically, the propane-propylene spread contracted to approximately $0.02 per pound and the ethylene-ethane spread narrowed to $0.05 per pound, which JPMorgan estimates could reduce annual EBITDA by about $90 million and $55 million, respectively. Despite these challenges, the company remains undervalued according to JPMorgan's Fair Value assessment, and it offers a 5.3% dividend yield with a GOOD financial health score.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Why is Tesla stock surging today?",
        "url": "https://urgent.news/2026/10/16/why-is-tesla-stock-surging-today",
        "published": "2026-10-16T08:26:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}