Methanex Analyst Says $2B Acquisition Will Be An Overhang On Shares
MEOHMethanex(MEOH) Benzinga·2024-09-10 23:47

Shares of Methanex Corp MEOH have been on a downtrend since the company announced it had inked a definitive agreement to buy OCI Global‘s international methanol business.Concerns around the transaction risks associated with the acquisition are unlikely to be "easily assuaged" in the near term, according to Barclays analyst Mike Leithead.Leithead downgraded the rating for Methanex to Equal-Weight, while cutting the price target from 56to56 to 44.The Methanex Thesis: The company has agreed to acquire OCI’s meth ...