The Globe and Mail reports in its Tuesday, Sept. 27, edition that Scotia Capital analyst Ben Isaacson has upgraded Methanex to "sector outperform" from "sector perform." The Globe's David Leeder writes that Mr. Isaacson continues to target the shares at $46 (U.S.). Analysts on average target the shares at $47.64 (U.S.). Mr. Isaacson says Methanex has suffered "a sharp and largely unwarranted sell-off." Mr. Isaacson says in a note: "Patience will be required, as outperformance could/should be back-end loaded. We offer no elaborate multi-pronged thesis to our upgrade; it's fairly straightforward: valuation has moved so far offside from fair value, Methanex is no longer pricing in a reasonable bear case. We argue that mid-cycle fair value implies 70-per-cent upside from here, or 150-per-cent upside when including G3. Commissioning of G3 is scheduled for Q4/23, and therefore should start to be priced into the stock over the next few months, as the Street rolls its valuation to '24 estimates. Pushback to our upgrade is easy: there are no data points yet to suggest the market has turned. ... We see no immediate company-specific catalysts to break the stock out of the downward spiral most cyclicals have fallen victim to."