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Fly News Breaks for March 4, 2015
MEOH
Mar 4, 2015 | 06:21 EDT
Citigroup recommends buying shares of Methanex on any pullback after Methanol posted prices for March came in better than it had expected at flat to higher sequentially. Citi thinks that should oil prices stay in the current range, Q2 will be the bottom in methanol prices. The firm believes a return to the mid-2014 demand/pricing environment could drive shares to $85 as new capacity ramps up. It raised its price target for Methanex to $61 from $53 and keeps a Buy rating on the name.
News For MEOH From the Last 2 Days
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