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Methanex (NASDAQ:MEOH) (TSE:MX) has been assigned a $38.00 price target by analysts at Tudor Pickering & Holt in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a "hold" rating on the specialty chemicals company's stock. Tudor Pickering & Holt's price target points to a potential upside of 13.70% from the company's current price.
A number of other research firms have also recently issued reports on MEOH. Royal Bank of Canada upgraded Methanex from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $45.00 to $50.00 in a research report on Tuesday, June 1st. TD Securities lifted their price target on shares of Methanex from $50.00 to $51.00 and gave the company a "buy" rating in a report on Friday, April 30th. TheStreet upgraded shares of Methanex from a "d+" rating to a "c-" rating in a research report on Monday, April 5th. Tudor Pickering reiterated a "hold" rating and issued a $46.00 price target on shares of Methanex in a research note on Thursday, May 13th. Finally, Raymond James set a $50.00 target price on Methanex and gave the stock an "outperform" rating in a report on Thursday, April 29th. Three investment analysts have rated the stock with a...