Jefferies upgraded its rating on shares of Methanex Corp. (MEOH) Monday to "Buy" from "Hold."
Methanex traded to the upside until around mid-afternoon Monday and closed higher by 1.81 at $41.13 on above average volume. The stock rose above a week and a half long range and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.