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

(update comment)

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.

You May Also Be Interested In

• Amer Sports Inc. (AS) PT Lowered to $42 at Truist, but 'Momentum continues to surge in a tough macro'
• Centrus Energy Corp. (LEU) PT Raised to $185 at UBS
• Bally's Corp (BALY) PT Lowered to $10; Truist Securities: 'Mixed results amidst a "going concern"'