Methanex ( (TSE:MX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Methanex’s recent earnings call has led to mixed reactions from analysts, causing a stir in its stock price. Scotiabank lowered its price target to $50 from $53, while CIBC raised theirs to $44 from $42, reflecting differing market perspectives. Despite these adjustments, the company continues to hold a strong buy consensus, suggesting significant upside potential.
More about Methanex
YTD Price Performance: -21.21%
Average Trading Volume: 531,851
Technical Sentiment Signal: Buy
Current Market Cap: $3B
For further insights into MX stock on TipRanks’ Stock Analysis page.
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