Methanex price target raised to $71 from $68 at Piper Sandler

Piper Sandler raised the firm’s price target on Methanex (MEOH) to $71 from $68 and keeps an Overweight rating on the shares. The firm believes the consensus is significantly underestimating the substantive earnings upside tied to the favorable shift in sales to higher priced global regions, which would be augmented and accelerated by the startup of G3 and the acquisition of the OCI assets.