Methanex (MEOH) Misses Q2 EPS by 23c

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Methanex (MEOH) PT Lowered to $55 at Cowen; Reiterates Outperform

July 28, 2017 8:16 AM EDT

Cowen lowered its price target on Methanex (NASDAQ: MEOH) to $55.00 (from $60.00) while maintaining a Outperform rating after adjusting estimates. Cowen lowered methanol price deck and earnings projections to reflect pricing issues in the marketplace.

Given the discussions MEOH had with major shareholders, analyst Charles... More