2 Basic Materials Stocks With New Wall Street Analyst Coverage

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the Basic Materials sector for the week ending November 11th, 2011.

  • Eastman Chem (NYSE:EMN): Ticonderoga initiated coverage of this company with a rating of Buy and a price target of $56 on Nov 10th. The shares recently traded at $40.45, up $0.57, or 1.43% since the analyst’s rating. About the company: Eastman Chemical Company is an international chemical company which produces chemicals, fibers, and plastics. The Company’s operations include coatings, adhesives, specialty polymers, and Inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics. Get the most recent company news and stock data here >>
  • Plains Exploration (NYSE:PXP): KeyBanc Capital Mkts initiated coverage of this company with a rating of Buy and a price target of $45 on Nov 11th. The shares recently traded at $35.99, up $0.17, or 0.47% since the analyst’s rating. About the company: Plains Exploration & Production Company is an independent oil and gas company with onshore and offshore operations in California, West Texas, East Texas and the Gulf Coast region. The Company is primarily involved in the upstream activities of acquiring, exploiting, developing, and producing oil and gas. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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