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MEOH

Methanex

$35.68

-0.08 (-0.22%)

07:39
10/03/16
10/03
07:39
10/03/16
07:39

Methanex downgraded to Outperform from Strong Buy at Raymond James

Raymond James analyst Steve Hansen downgraded Methanex to Outperform from Strong Buy due to recent share strength. Hansen raised Methanex's price target to $40 from $37 to reflect the upturn in glboal methanol prices and improved cash flow visibility.

MEOH Methanex
$35.68

-0.08 (-0.22%)

05/17/16
RAJA
05/17/16
UPGRADE
RAJA
Strong Buy
Methanex upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Steve Hansen upgraded Methanex to Strong Buy based on the sharp pullback in shares and maintained its $40 price target.
07/05/16
CIBC
07/05/16
UPGRADE
CIBC
Outperformer
Methanex upgraded to Outperformer from Sector Performer at CIBC
07/11/16
UBSW
07/11/16
NO CHANGE
Target $28
UBSW
Neutral
Methanex price target lowered to $28 from $37 at UBS
UBS analyst John Roberts lowered his 2017 realized methanol price estimate to $261/ton from $276/ton citing continued additions of new capacity and lack of restarting of idled Chinese methanol-to-chemical production that have led to a slightly more oversupplied market. In light of the lowered estimate, Roberts cut his price target on Methanex shares to $28 from $37 and keeps a Neutral rating on the stock.
07/29/16
TDSI
07/29/16
UPGRADE
TDSI
Buy
Methanex upgraded to Buy from Hold at TD Securities

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