Reported 2 days ago
JPMorgan has initiated coverage on Methanex Corporation (NASDAQ:MEOH), designating it with a 'Neutral' rating and a price target of $33.00. Methanex, a leading global producer of methanol, faces challenges such as sluggish industrial demand and price moderation amid increased supply. Despite expected financial leverage from potential acquisitions, analysts caution that some AI stocks may offer better long-term growth opportunities.
Source: YAHOO