UBS Maintains Neutral on Methanex, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has maintained a Neutral rating on Methanex Corporation (NASDAQ:MEOH) and increased the price target from $45 to $48.
December 14, 2023 | 4:03 pm
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POSITIVE IMPACT
UBS analyst Joshua Spector maintains a Neutral rating on Methanex but raises the price target from $45 to $48, indicating a potential upside from the current price level.
The increase in the price target by UBS suggests a positive outlook on Methanex's valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains Neutral, the impact may be moderate rather than strong.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100