UBS Upgrades Methanex to Buy, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector upgrades Methanex (NASDAQ:MEOH) from Neutral to Buy and increases the price target from $51 to $60.

February 08, 2024 | 11:17 am
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UBS analyst Joshua Spector upgrades Methanex from Neutral to Buy and raises the price target from $51 to $60.
An upgrade from Neutral to Buy by a major financial institution like UBS, accompanied by a significant increase in the price target, is a strong positive signal to the market. This suggests a bullish outlook on Methanex's future performance and financial health, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100