Cemex Shares Fall After Analyst Actions

MT Newswires Live

2024/10/30

Cemex (CX) shares were down more than 3% in recent trading Tuesday after price target cuts from J.P. Morgan and RBC Capital Markets.

J.P. Morgan cut Cemex's price target to $6 from $7 and downgraded to neutral from overweight.

RBC Capital trimmed the price target to $6 from $6.50, while maintaining sector perform, speculative risk rating.

Trading volume stood at close to 8.7 million shares against a daily average of 11.6 million shares.

Price: 5.28, Change: -0.18, Percent Change: -3.30

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Morgan and RBC Capital Markets.</p><p>J.P. 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