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Fly News Breaks for November 19, 2019
MEOH
Nov 19, 2019 | 07:23 EDT
TD Securities analyst Cherilyn Radbourne downgraded Methanex to Hold from Buy with a $47 price target, noting that the shares have recovered by more than 30% from their late-August low despite the fact that the outlook for methanol supply and demand is unchanged to slightly weaker over this period. While further downside risk to pricing should be limited, the potential for methanol-to-olefins utilization rates to come under pressure also suggests limited upside to prices, Radbourne tells investors.
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