$MEOH

22 stories mentioning MEOHUpdated 11d ago

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Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on MEOH?

RBC Reiterates Methanex's Sector-Perform Rating, US$65.00 Price Target

RBC Capital Markets on Wednesday maintained its sector-perform rating on the shares of Methanex (MX.TO, MEOH) and its US$65.00 price target.Methanex recently released its non-discounted methanol reference prices for May, outlining a 19% increase to $1,480 per tonne for North America and unchanged at $740/mt for Asia Pacific, excluding China.RBC believes the reference prices will have a modestly positive impact on the shares of Methanex, as it implies that the realized methanol price for May will likely be higher than April.Methanex is expected to release its first-quarter results after market close on Wednesday, where investors may focus on management's comments relating to the methanol supply/demand/pricing dynamics particularly in Asia.Investors are also expected to focus on management's update on the outlook for its New Zealand operations.Price: $87.11, Change: $+4.41, Percent Change: +5.33%

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Research144d ago

Methanex Price Target Raised to US$66 at CIBC

CIBC Capital Markets raised its price target on Methanex Corp. (MX.TO, MEOH) to US$66 from US$59.Analyst Hamir Patel maintained a Neutral rating on shares of the Canadian methanol company ahead of its Q1 results on April 29."We have raised our 2026/2027 EBITDA estimates by ~55%/19% reflecting our assumptions for a period of higher methanol prices arising from disruptions from the conflict in the Middle East," Patel said in a note to clients."We also reduced our 2027E EV/EBITDA valuation multiple to 6.75x (lowered by 1.0x), which follows adjustments in mid-March, when we accounted for the initial impact of the conflict by raising the multiple without increasing our estimates," the analyst said."While we expect eventual normalization of commodity prices, with the Middle East accounting for ~20% of global methanol production (10% Iran and 10% other Middle East), in the case that prolonged supply disruptions persist, we model an upside scenario of $80 for Methanex."

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