UBS Maintains Buy on Methanex, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joshua Spector maintains a Buy rating on Methanex (NASDAQ:MEOH) but lowers the price target from $62 to $58.
August 21, 2024 | 1:57 pm
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UBS analyst Joshua Spector maintains a Buy rating on Methanex but lowers the price target from $62 to $58, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in Methanex's performance, but the lowered price target indicates a slightly less optimistic view on its short-term potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100