UPDATE: BMO Capital Markets Upgrades Methanex to Outperform on Q1/13 Adjusted EBITDA

In a report published Thursday, BMO Capital Markets analyst Alexandra Syrnyk upgraded the rating on Methanex Corporation (NASDAQ: MEOH ) from Market Perform to Outperform, and raised the price target from $45.00 to $47.00. In the report, Syrnyk noted, “MEOH reported Q1/13 adjusted EBITDA of $149M, ~3% below our $153M