Methanex price target raised to $56 from $53 at Barclays

Barclays raised the firm’s price target on Methanex to $56 from $53 and keeps an Overweight rating on the shares post the Q4 report. As G3 ramps and Egypt assets restart, Q2 should provide a clearer picture of the company’s healthy cash generation in an improving methanol market, the analyst tells investors in a research note.