Methanex Corp. (MEOH)
by Zacks Equity ResearchAugust 16, 2012 | Comments : 0 Recommended this article: (0)
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Shortage of natural gas supplies has been a headwind for some time now and is expected to continue in the near-term. The company's production has taken a hit due to curtailment in natural gas supplies and constrained revenues. Moreover, methanol prices depend upon factors such as economic health and demand.
With the current economic situation being sluggish, Methanex may face more headwinds due to constrained spending in end-markets. Our price target of $26 is based on 10.9x our fiscal 2012 earnings estimate.
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