Methanex Price Target Raised to US$60 at Raymond James

MT Newswires Live

Jan 14, 2025

Raymond James raised its price target on Methanex Corp. (MX.TO, MEOH) to U$60 from US$54 on Tuesday.

Analyst Steve Hansen maintained an Outperform rating on shares of the Vancouver-based methanol company.

Hansen said the higher target reflects "rallying global methanol prices over the past several months in response to sweeping capacity outages across several key production hubs (Iran, Equatorial Guinea, Venezuela)."

"Contract prices have followed in tandem, creating a solid fundamental backdrop for Methanex to generate healthy (excess) free cash flow," the analyst said in a note to clients.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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(MX.TO, MEOH) to U$60 from US$54 on Tuesday.</p><p>Analyst Steve Hansen maintained an Outperform rating on shares of the Vancouver-based methanol company.</p><p>Hansen said the higher target reflects \"rallying global methanol prices over the past several months in response to sweeping capacity outages across several key production hubs (Iran, Equatorial Guinea, Venezuela).\"</p><p>\"Contract prices have followed in tandem, creating a solid fundamental backdrop for Methanex to generate healthy (excess) free cash flow,\" the analyst said in a note to clients.</p><p>(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MEOH","symbol_name":"梅思恩","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503338527","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503338527","pubTimestamp":1736859226,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Raymond James raised its price target on Methanex Corp. 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