Scotiabank Raises Its Price Target on Methanex (MEOH) The recent price target hike by Scotiabank for Methanex Corporation (NASDAQ:MEOH) has sent ripples through the market, but beneath the surface lies a more nuanced story.
Methanex's impressive run this year is driven in part by its disciplined capital allocation strategy and potential for sustained upside in methanol pricing.
CIBC analyst Hamir Patel raised his price target to $69 from $66 while maintaining a Neutral rating on the shares.