CIBC analyst Hamir Patel raised the firm’s price target on Methanex (MEOH) to $63 from $59 and keeps an Outperformer rating on the shares. The firm notes Methanex remains its top pick across its chemicals/fertilizers coverage universe. With steady methanol demand growth and risks of global capacity shocks, the firm foresees a favorable supply/demand balance. Methanex offers a strong 2026 free cash flow yield of about 13%, with potential that debt paydown and resumption of share buybacks may be accelerated if current pricing trends can be sustained deeper into 2025.
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