The Globe and Mail reports in its Friday, July 1, edition that RBC Capital Markets analyst Nelson Ng trimmed his share target for Methanex by $5 (U.S.) to $60 (U.S.) given higher risks of a recession, which would potentially lead to lower methanol prices. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Ng continues to rate Methanex "outperform." Analysts on average target the shares at $58.29 (U.S.). The Globe says Mr. Ng expects the methanol producer to continue to generate strong free cash flow, supporting "a robust pace" of share buybacks. Mr. Ng notes that methanol prices in China have trended lower recently due to healthy inventory levels and weak sentiment. However, there are expectations that a new methanol-to-olefins facility in China should increase demand and support higher prices for methanol in the second half of this year. The Globe reported on Feb. 21 that Barclay's kept Methanex at "overweight" when it was worth $59.44 (U.S.). The Globe reported on April 20 and June 28 that Raymond James analyst Steve Hansen rated Methanex "market perform." The shares could then be had for $55.33 (U.S.) and $40.50 (U.S.).