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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