UBS Maintains Buy on Methanex, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector maintains a Buy rating on Methanex (NASDAQ:MEOH) and raises the price target from $59 to $62.
April 25, 2024 | 3:04 pm
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POSITIVE IMPACT
UBS analyst Joshua Spector reaffirms a Buy rating on Methanex and increases the price target to $62.
The upgrade in price target by a reputable analyst like Joshua Spector from UBS is a strong positive signal for Methanex. It suggests confidence in the company's future performance and potential for stock price appreciation. This kind of analyst action often leads to increased investor interest and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100