Methanex price target lowered to $50 from $53 at Scotiabank

Scotiabank lowered the firm’s price target on Methanex (MEOH) to $50 from $53 and keeps an Outperform rating on the shares. The firm lowered its price target on the stock due to the weaker outlook in New Zealand and to update its model following the acquisition of OCI Global’s methanol business, the analyst tells investors.