Methanex price target raised to $45 from $40 at Raymond James

Raymond James analyst Steve Hansen raised the firm’s price target on Methanex (MEOH) to $45 from $40 and keeps an Outperform rating on the shares. The price target increase reflects better than expected methanol price trends, as both spot and contract prices benefit from a string of protracted supply disruptions across key producing countries, the analyst tells investors in a research note.