The Globe and Mail reports in its Wednesday edition that RBC Dominion Securities analyst Nelson Ng has reaffirmed his "outperform" recommendation for Methanex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ng, however, knocked his share target back by $5 (U.S.) to $50 (U.S.). Analysts on average target the shares at $47.18 (U.S.). Mr. Ng was prompted to make his share cut in the face of "rising recessionary uncertainties," adding that Methanex's 2023 earnings expectations are not as bright as previously thought. Mr. Ng says in a note, "We believe the shares are suitable for investors that have a more constructive view on the economy (i.e., soft landing/minor recession) and expect natural gas prices to remain elevated, supporting methanol prices." The Globe reported on Sept. 27 that Scotia Capital analyst Ben Isaacson had upgraded Methanex to "sector outperform" from "sector perform." He continued to target the shares at $46 (U.S.). In the item Mr. Isaacson said Methanex had suffered "a sharp and largely unwarranted sell-off." He said its valuation had moved so far offside from fair value, it was "no longer pricing in a reasonable bear case." The shares were then worth $29.38 (U.S.).