Shares of Methanex (MEOH) are soaring 5.31% in pre-market trading on Friday, following the release of the company's third-quarter 2025 earnings and a significant upgrade from JPMorgan.
Methanex, a global leader in methanol production and supply, reported its Q3 2025 results late Thursday. While specific details of the earnings were not immediately available, the market's positive reaction suggests the results may have exceeded expectations or shown improved performance.
Adding fuel to the stock's rise, JPMorgan upgraded Methanex from Neutral to Overweight on Friday morning. The investment bank also raised its price target for the stock significantly, adjusting it from CA$33 to CA$53.15 (or from $33 to $38 in USD). This upgrade and substantial increase in the price target indicate that JPMorgan analysts have become more optimistic about Methanex's future prospects, likely based on the company's recent performance and outlook.