Raymond James Raises PT on Methanex Corporation (MEOH) from $40 to $45; Maintains 'Outperform' Rating

Methanex Corporation (NASDAQ:MEOH) is included in our list of the 10 Most Undervalued Foreign Stocks to Buy According to Analysts.

On July 15, 2025, Raymond James increased its price target on Methanex Corporation (NASDAQ:MEOH) to $45.00 from $40.00, maintaining an ‘Outperform’ rating. The analyst aligned its target with broader analyst sentiment. Due to long-lasting supply concerns in major methanol-producing regions, particularly Iran, methanol prices have been doing better, driving positive market sentiment. Both spot and contract prices have benefited from the global supply disruptions.

Looking ahead, Raymond James raised its 2025 and 2026 earnings estimates for Methanex Corporation (NASDAQ:MEOH), reflecting the favorable pricing environment. Furthermore, its acquisition of OCI Global’s international methanol business positions the company for continued growth.

Methanex Corporation (NASDAQ:MEOH) is a methanol producer, operating in Asia-Pacific, North America, Europe, and South America. It remains on our list of the most undervalued stocks.

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