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UPDATE: Raymond James Reiterates on Methanex on Robust Outlook

Related MEOH
Raymond James Downgrades Methanex Amid Upturn In Methanol Prices
8 Biggest Price Target Changes For Monday
Methanex beats by $0.15, beats on revenue (Seeking Alpha)

In a report published Monday, Raymond James analyst Steve Hansen reiterated an Outperform rating on Methanex (NASDAQ: MEOH), and raised the price target from $72.00 to $85.00.

In the report, Raymond James noted, “We are increasing our target price to US$85.00 (vs. $72.00 previously) based upon our robust macro and company-specific outlook. While not factored in explicitly, we are also becoming increasingly enamoured by Methanex's rich optionality (i.e., MLP potential, Chilean recovery). We reiterate our OP2 rating.”

Methanex closed on Friday at $71.03.

Latest Ratings for MEOH

Oct 2016CIBCDowngradesOutperformerSector Performer
Oct 2016CitigroupMaintainsNeutral
Oct 2016Raymond JamesDowngradesStrong BuyOutperform

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