June 16 Eastman Chemical Co's shares will likely resume their impressive growth path, following a recent bout of instability, as the specialty chemical maker's profits benefit from company cost savings, tax advantages and important acquisitions, Barron's said.
The company generated about $8.1 billion in 2012 revenue and $5.38 in earnings per share, Barron's said, and has forecast that earnings will jump about 17 percent this year to more than $6.30 per share.
Senior company officials have predicted profit will grow at a double-digit annual pace in the next few years and that Eastman will earn $8 a share in 2015, Barron's said.
"Some investors and analysts believe that may be too conservative because recovery in two important end markets - transportation and construction - has just begun," the weekly newspaper said.
BRIEF- Toshiba and Toshiba Memory files lawsuit against Western Digital
* Says Toshiba and Toshiba Memory Corp (TMC) filed a lawsuit against Western Digital Corp , a U.S. company, and its subsidiary Western Digital Technologies, Inc., under the reason of violation of Unfair Competition Prevention Law, and claiming compensation of 120 billion yen