The Globe and Mail reports in its Thursday, June 2, edition that Scotia Capital analyst Ben Isaacson, seeing the outlook for methanol "weakening," thinks it is time to take profits from Methanex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Isaacson, believing Methanex is "now fairly valued," lowered his share target to $50 from $60 (all figures U.S.). Analysts on average target the shares at $56.92. Mr. Isaacson reduced his 2022 and 2023 global methanol demand projections, seeing the market is "well supplied, with better-than-expected Russian exports, while in China, production is increasing post-spring maintenance. Also, there are few unplanned outages worldwide." Mr. Isaacson says in a note: "We have reduced EBITDA estimates to 28 per cent and 10 per cent below the Street on '22 (Q2-Q4) and '23. Specifically, we're now looking for '22 and '23 EBITDA of $986-million and $860-million. We see more near-term negative catalysts than positive ones: (1) gas costs continue to rise; (2) oil prices have likely peaked and should have more downside than upside; (3) coal prices in China are falling; and (4) GDP expectations continue to move lower, potentially toward a recession."