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Fly News Breaks for March 2, 2016
MEOH
Mar 2, 2016 | 06:28 EDT
Raymond James analyst Steve Hansen upgraded Methanex to Outperform and raised the price target on shares to $40 from $32. Following the firm's 7th Annual Methanol Forum in Toronto, Hansen expects the current North American price discount to China to fade in the coming months, followed by a broader market increase in second half 2016 in conjunction with crude/energy pricing. The analyst expects Methanex to benefit from a healthy two stage recovery in methanol pricing and views shares attractive.
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