Methanex price target raised to $66 from $60 at Scotiabank

Scotiabank raised the firm’s price target on Methanex (MEOH) to $66 from $60 and keeps an Outperform rating on the shares. While Q4 produced sales were soft, New Zealand gas sales partially offset this, the analyst tells investors. Additionally, while the company’s FY25 production guidance is light, the ASP adjustment had led the firm to raise its price target on the stock.