Methanex price target lowered to $55 from $63 at CIBC

CIBC analyst Hamir Patel lowered the firm's price target on Methanex (MEOH) to $55 from $63 and keeps an Outperformer rating on the shares. After meeting with Methanex CEO Rich Sumner, the firm moderated its target due a reduction in its valuation multiple as the firm believes the market will need to see demonstrated consistent operating performance from the company's G3 plant that is currently idled before affording the company a higher multiple.
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Read More on MEOH:
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Methanex price target lowered to $41 from $57 at Barclays
Methanex Announces 2025 Annual General Meeting Details
Barclays sees potential operational questions for Methanex
Methanex price target lowered to $64 from $68 at Jefferies
Methanex: Undervalued with Strong Long-Term Prospects Despite Short-Term Challenges

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