CIBC Capital Markets raised its price target on Methanex (MX.TO, MEOH) to $77 from $71.
Analyst Hamir Patel maintained an outperformer rating on shares of the Canadian methanol company.
"We have raised our 2026/2027 EBITDA estimates by 8%/9%, reflecting higher near-term methanol prices arising from continued disruptions related to the conflict in the Middle East," Patel said in a note to clients.
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