** Wells Fargo raises price target on chemical companies Avient Corp , Eastman Chemical Company and Sherwin-Williams
** Says that it remains positive on the chemicals sector as odds of a macro recovery over the next 12 months appear improved given U.S. Fed rate cuts and China stimulus; expects earnings growth to emerge as volumes recover in 2025
** Wells Fargo says that "we see commodity chemicals as the group which tends to outperform in the early stage of a recovery, with oil prices still firm and lower interest rates providing a needed tailwind"
Brokerage raises PT on the following firms:
Company New PT Old PT Rating
Avient Corp $55 $52 Overweight
Eastman Chemical Co $118 $105 Equal weight
Sherwin-Williams Co $400 $350 Equal weight
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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