Fly News Breaks for August 19, 2015
MEOH
Aug 19, 2015 | 07:38 EDT
Raymond James downgraded Methanex to Outperform and lowered its price target to $55 from $65. The firm sees further near-term volatility in global methanol markets due to Brent oil's continued decline, which will weight on near-term energy-blending demand. Raymond James expects an incremental recovery in 2016 methanol pricing to be more muted, followed by a healthy increase in 2017.
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