Methanex Reaches Analyst Target Price
October 20, 2016 at 09:47 AM EDT
In recent trading, shares of Methanex Corp (MEOH) have crossed above the average analyst 12-month target price of $38.58, changing hands for $38.66/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..