RE:RE:sure tanked what was said on conference call Had a listen to the CC sounds like growth for Q2 is muted - analysts sounded surprised. Probably the reason for the sell off.
RBC
Methanex Corp. (MEOH-Q, MX-T) target to US$50 from US$45 with a “sector perform” rating. The average is US$55.45.“Methanex reported in-line Q1/24 results, updated 2024 production guidance in line with our forecast, and continues to expect G3 to start up in Q3/24,” he said. “We remain on the sidelines due to the company’s high sensitivity to methanol prices and uncertainty as to whether we are headed for a soft, hard, or no landing for the global economy. We reiterate our Sector Perform rating but raise our price target to $50 from $45 to reflect our higher North American methanol price forecast.”