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Everstar Asset Management cut Eastman Chemical holdings by over a third, yet the stock soared 135.7% in Q4.
Everstar Asset Management LLC sold 1,613 shares of Eastman Chemical, reducing their holdings by 34.3%.
Despite this, Eastman Chemical's stock price increased by 135.7% in the fourth quarter.
The company surpassed earnings expectations with $1.87 per share, and analysts predict $8.55 EPS for the fiscal year.
Eastman Chemical, a materials company, has a "Moderate Buy" rating and a $114.08 target price.
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