The Globe and Mail reports in its Thursday, Jan. 5, edition that RBC analyst Nelson Ng has reaffirmed his "sector perform" recommendation for Methanex. The Globe's David Leeder writes that Mr. Ng continues to target the shares at $45 (all figures U.S.). Analysts on average target the shares at $44.09. Mr. Ng says in a note: "Methanex recently released its North American, Asian Pacific, and China nondiscounted methanol reference prices for January at $575 per metric ton (unchanged from December), $410/MT (unchanged), and $370/MT (down 6 per cent from December), respectively. Methanex also posted its quarterly European non-discounted reference price for the Q1/23 period at 478 euros/MT, which was 6 per cent lower than the Q4/22 reference price. ... We see rising recessionary uncertainties, which could negatively impact near-term and longer-term methanol prices. However, 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, which should support methanol prices." The Globe reported on Dec. 1 that Mr. Ng had cut Methanex to "sector perform" from "outperform." It was then worth $51.93.