UBS raised the firm’s price target on Methanex (MEOH) to $51 from $50 and keeps a Buy rating on the shares. Better than feared tariff impacts could support downstream firms in the quarter, while commodities are likely to remain under pressure with weaker demand trends, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MEOH:
- Methanex Amends Equity Purchase Agreement with OCI N.V.
- Methanex Finalizes Acquisition of OCI Global’s Methanol Business
- Methanex Finalizes Amendment to Equity Purchase Agreement
- Methanex Secures Approval for OCI Global Acquisition
- Methanex receives regulatory approval for acquisition of OCI’s methanol business