UPDATE: TD Securities Downgrades Methanex (MEOH) to Hold on Recent Strength

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TD Securities analyst Cherilyn Radbourne downgraded Methanex (NASDAQ: MEOH) from Buy to Hold with a price target of $47.00.

The analyst comments "We believe that Methanex has a unique global platform, which generates attractive free cash flow across a range of methanol prices and offers strong leverage to higher methanol prices. We recognize that the stock's current valuation is still modest from a medium- to long-term perspective, but we see more limited scope for further nearterm upside absent better methanol supply/demand fundamentals."

For an analyst ratings summary and ratings history on Methanex click here. For more ratings news on Methanex click here.

Shares of Methanex closed at $39.99 yesterday.

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