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Fly News Breaks for July 15, 2019
MEOH
Jul 15, 2019 | 08:42 EDT
Jefferies analyst Laurence Alexander lowered his price target for Methanex to $48 from $61 to reflect lower than expected methanol prices stemming from capacity ramp-ups, a weak margin environment, and lower demand from traditional chemicals. The analyst expects supply/demand to loosen further in the second half of 2019 and keeps a Hold rating on Methanex shares.
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