UBS Upgrades Methanex to Neutral, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has upgraded Methanex (NASDAQ:MEOH) from Sell to Neutral and raised the price target from $40 to $45.
November 02, 2023 | 8:52 am
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UBS has upgraded Methanex from Sell to Neutral and raised the price target from $40 to $45, which may positively impact the stock's performance.
The upgrade from Sell to Neutral indicates a more positive outlook on the company by UBS. The increase in price target from $40 to $45 suggests that UBS believes the stock is undervalued at its current price, which could lead to an increase in demand and subsequently, a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100