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Fly News Breaks for July 11, 2016
MEOH
Jul 11, 2016 | 07:31 EDT
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.
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