Barclays Maintains Overweight on Methanex, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has maintained an Overweight rating on Methanex (NASDAQ:MEOH), but lowered the price target from $50 to $48.

October 30, 2023 | 1:48 pm
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Barclays has maintained an Overweight rating on Methanex but lowered the price target from $50 to $48.
While the Overweight rating indicates that Barclays still sees Methanex as a good investment, the lowering of the price target could potentially indicate a less optimistic outlook for the company's stock in the short term. This could have a neutral impact on the stock's price in the short term as the positive and negative signals balance each other out.
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IMPORTANCE 80
RELEVANCE 100