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Fly News Breaks for September 17, 2019
MEOH
Sep 17, 2019 | 07:43 EDT
Jefferies analyst Laurence Alexander raised his price target for Methanex to $38 from $34 saying the rally in oil prices sets a floor for methanol pricing. However, favorable operating leverage to higher oil prices will likely not prevent the company's free cash flow from turning negative during the upcoming investment cycle, Alexander tells investors in a research note. He keeps a Hold rating on Methanex shares.
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