The Globe and Mail reports in its Wednesday, June 28, edition that Raymond James analyst Steve Hansen is keeping his "market perform" recommendation for Methanex intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hansen gave his share target an $8 (U.S.) trim to $50 (U.S.). Analysts on average target the shares at $52.64 (U.S.). Mr. Hansen made further downward revisions to his financial estimates for Methanex based on "sharply lower global methanol prices and a corresponding widening in the expected discount rate." He emphasizes "lingering concerns over stagnant demand intersecting with ample supply." Mr. Hansen says in a note: "Global methanol prices have corrected sharply lower over the past several months, drawing pressure from a confluence of negative forces that include: 1) a weaker-than-expected Chinese economy; 2) sluggish MTO margins; 3) sliding domestic coal prices; and 4) plentiful supply originating from the Middle East (Iran). For context, global spot prices have slipped 20 per cent quarter-to-date, 25 per cent year-to-date, and 50 per cent vs. their 'fly-up highs' observed in October, 2021, with all three regions recently posting new multi-year lows."