UBS Maintains Neutral on Methanex, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector has maintained a Neutral rating on Methanex (NASDAQ:MEOH) and increased the price target from $48 to $51.
January 11, 2024 | 3:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
UBS has maintained a Neutral rating on Methanex and raised the price target from $48 to $51, indicating a potential upside from the previous target.
The increase in price target by UBS suggests a positive outlook on Methanex's valuation, which could lead to a short-term increase in investor confidence and potentially a 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