Methanex price target raised to $80 from $70 at Scotiabank

Scotiabank raised the firm’s price target on Methanex (MEOH) to $80 from $70 and keeps an Outperform rating on the shares. The firm believes the stock could see further upside over time, given how well management sticks to its capital allocation narrative and how sustainable asymmetric price risk to the upside is, the analyst tells investors.