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Fly News Breaks for December 29, 2016
MEOH
Dec 29, 2016 | 07:16 EDT
Cowen analyst Charles Neivert raised his price target for Methanex to $51 from $48 saying the company's Q1 European contract price announcement and January Asia contract price announcement were both above his expectations. The analyst upped his FY17 earnings per share estimate for the company to $2.19 from $1.59 and FY18 estimate to $2.49 from $2.31. Neivert keeps an Outperform rating on Methanex. Jefferies this morning more than doubled its FY17 earnings estimate for the company to $3.20 from $1.50.
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