JP Morgan Maintains Overweight Rating for Cemex: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JP Morgan has maintained its Overweight rating for Cemex (NYSE:CX) and increased its price target from $8.00 to $9.00. Cemex's shares are currently trading up 2.73% at $7.72 per share. A move to $9.00 would represent a 16.5% increase from the current share price.
July 28, 2023 | 5:00 pm
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JP Morgan has maintained its Overweight rating for Cemex and raised its price target, indicating a positive outlook for the company's stock.
The decision by JP Morgan to maintain its Overweight rating for Cemex and raise its price target suggests a positive outlook for the company's stock. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100