The Globe and Mail reports in its Friday edition that RBC Dominion Securities' Nelson Ng has downgraded Methanex to "sector perform" from "outperform." The Globe's David Leeder writes that Mr. Ng jacked his share target up by $10 to $65 (all figures U.S.). Analysts on average target the shares at $62.22. Mr. Ng says in a note: "With a year-to-date return of 49 per cent (17 per cent since the start of the Iran conflict), we believe the shares reflect the improving underlying fundamentals of the company (potentially accelerated deleveraging and share buyback timeline), as well as some methanol pricing upside from the Iran conflict. The uncertainty relates to when the conflict will end, and how long it will take for methanol prices to normalize. Management expects the realized methanol price in Q1/26 to be $330-340/MT (not impacted by the Iran conflict). Since the start of the Iran conflict, the shares of Methanex have appreciated by $9/share, and we estimate that it implies current prices remain elevated through the end of 2026. ... Once the Iran conflict is resolved, we believe methanol prices could quickly normalize, but remain modestly higher as there was some damage to the natural gas infrastructure in the Middle East."