The Globe and Mail reports in its Monday, Sept. 5, edition that RBC Dominion Securities analyst Nelson Ng has reaffirmed Methanex at "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Ng continues to target the shares at $55 (U.S.). Analysts on average target the shares at $47.91 (U.S.). The Globe reports that Mr. Ng trimmed his full-year earnings expectations for Methanex. However, he thinks a rebound in methanol prices is imminent. He expects prices to trough and move higher in the fourth quarter. Mr. Ng says in a note: "Absent a deep recession, we believe the company will generate strong discretionary cash flows in 2023 where natural gas prices should remain elevated (Methanex's feedstock is mostly fixed or hedged globally). Mr. Ng cut his 2022 adjusted earnings before interest, taxes, depreciation and amortization forecast to $949-million (U.S.) from $952-million (U.S.). Conversely, his 2023 estimate rose to $864-million (U.S.) from $855-million (U.S.)." Mr. Ng adds, "We estimate that Methanex will generate $500-million (U.S.) ($7 (U.S.) per share) of discretionary cash flows (after taxes, maintenance capex, lease payments and dividends)."