Barclays Downgrades Methanex to Equal-Weight, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Michael Leithead has downgraded Methanex (NASDAQ:MEOH) from Overweight to Equal-Weight and reduced the price target from $56 to $44.

September 10, 2024 | 12:38 pm
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Barclays has downgraded Methanex from Overweight to Equal-Weight, reducing the price target from $56 to $44, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight by Barclays suggests a less favorable view on Methanex's stock performance. The reduction in price target from $56 to $44 indicates a potential decrease in expected future value, likely leading to short-term downward pressure on the stock price.
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IMPORTANCE 80
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