Raymond James analyst Steve Hansen downgraded Methanex (MEOH) to Market Perform from Outperform with a $45 price target The downgrade is based on the company’s outsized share price gains in recent months, the analyst tells investors in a research note. While the firm likes the company’s attractive long-term fundamentals and solid free cash flow profile, Raymond James is stepping to the sidelines until recent seasonal/geopolitical constraints fade, the firm says.
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