Barclays raised the firm’s price target on Methanex to $56 from $53 and keeps an Overweight rating on the shares post the Q4 report. As G3 ramps and Egypt assets restart, Q2 should provide a clearer picture of the company’s healthy cash generation in an improving methanol market, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MEOH:
- Methanex upgraded to Buy from Neutral at UBS
- Methanex Corporation – Notice of Cash Dividend
- Methanex Reports Higher Fourth Quarter 2023 Earnings as Methanol Prices Strengthen; Geismar 3 in Start Up Process
- Methanex reports Q4 adjusted EPS 52c, consensus 32c
- MEOH Earnings this Week: How Will it Perform?
