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Buy this chemicals stock as escalating Iran war drives prices higher, says Citi
The bank upgraded the chemical manufacturer to buy from neutral.
14 words~1 min read
The bank upgraded the chemical manufacturer to buy from neutral.
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Eastman Chemical shares will rise thanks to higher prices of several chemicals that it produces, according to the bank.

Chemicals has been an area of strength recently, but they will pull back if the market gets nervous about whatever's about to…

Analyst John Godyn said that the Iran war has brought the firm's buy-rated defense names to the attention of investors.

The bank upgraded the oil transport name to buy from underperform.

The stock has pulled back roughly 9% since the start of the conflict with Iran.

The company's insulation from the war is why we've been building up our position on weakness.