Methanex (MEOH) PT Raised to $45 at Raymond James

Raymond James analyst Steven Hansen raised the price target on Methanex (NASDAQ: MEOH) to $45.00 (from $40.00) while maintaining a Outperform rating.

The analyst comments "We are increasing our 2025 & 2026 estimates for Methanex Corp. to reflect better-than-expected methanol price trends, with spot & contract prices both benefiting from a string of protracted global supply disruptions across key producing countries/regions (incl. Iran). Against this backdrop, we are increasing our target to US$45.00 (vs. US$40.00 prior) and reiterating our Outperform rating based upon our constructive view of: 1) long-term global methanol fundamentals; 2) the company’s recently closed OCI Global acquisition; & 3) the stock’s discounted valuation."

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