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Fly News Breaks for February 6, 2019
MEOH
Feb 6, 2019 | 07:35 EDT
As reported previously, Cowen analyst Charles Neivert downgraded Methanex to Market Perform from Outperform. The analyst said recent subtle changes in industry fundamentals and the macro outlook have made him more cautious. He believes margin pressure will be present throughout most of 2019 based on headwinds from feedstocks, capacity, and a weakening macro versus consensus. Neivert lowered his price target to $62 from $74 on Methanex shares.
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