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Rating: MEOH
Buy $72
up 11.00 %

Methanex Corporation (NASDAQ: MEOH) reiterated to Buy with price target $72 by UBS

Friday,  Jan 31, 2014  12:25 PM ET by Dave Ficere

UBS reiterated Methanex Corporation (NASDAQ: MEOH) to Buy with price target $72. Previously UBS rated Buy with price target $59 Methanex Corporation (NASDAQ:
MEOH) on 10/11/2013, when the stock price was $54.38. Since then, Methanex Corporation's stock price has gained 11% as of 01/31/2014's recent price of $60.47.
If you would have followed the previous UBS's recommendation on MEOH, you would have gained 11% of your investment in 112 days.

Methanex Corp. is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol, made from natural gas, is a basic chemical building block used to manufacture products such as formaldehyde, MTBE, acetic acid and others. The Company operates production facilities in Canada, the United States, New Zealand and Chile. The Company also markets additional methanol from plants in the US, Trinidad and Europe.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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