Methanex price target raised to $66 from $53 at UBS

UBS raised the firm’s price target on Methanex (MEOH) to $66 from $53 and keeps a Buy rating on the shares. UBS sees methanol as well-positioned and sees Methanex stock as undervalued, the analyst tells investors in a research note. While methanol prices will likely soften from current Q1 levels as supply comes back to the market, the firm sees the market retightening later in the year.