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Methanex price target raised to $44 from $42 at CIBC

CIBC analyst Hamir Patel raised the firm’s price target on Methanex (MEOH) to $44 from $42 and keeps an Outperformer rating on the shares. The firm cites higher free cash flow generation assumptions for the target increase post the Q2 report. It believes the methanol markets remain in balance in Q3.

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