Methanex shares are trading higher after Raymond James upgraded the stock from Market Perform to Outperform and raised its price target from $50 to $60.
Portfolio Pulse from Benzinga Newsdesk
Raymond James has upgraded Methanex's stock from Market Perform to Outperform and raised its price target from $50 to $60. This has resulted in Methanex shares trading higher.
September 19, 2023 | 3:51 pm
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POSITIVE IMPACT
Methanex's stock has been upgraded by Raymond James from Market Perform to Outperform, with a price target increase from $50 to $60. This has led to a rise in Methanex's share price.
The upgrade from Raymond James is a positive signal for Methanex, indicating increased confidence in the company's performance. The raised price target suggests that Raymond James expects Methanex's stock to outperform the market, which has led to an increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100