Stock Track | Methanex Soars 5.03% Intraday After Jefferies Raises Price Target

Stock Track03-12

Methanex's stock soared 5.03% during intraday trading on Wednesday, following positive analyst actions on the company.

Jefferies analyst Laurence Alexander raised the firm's price target on Methanex to $60 from $50 and maintained a Buy rating on the shares. The upgrade reflects optimism about the company's prospects in the materials sector.

Other analysts have also recently weighed in on Methanex, contributing to the positive sentiment surrounding the stock.

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