RBC Capital Initiates Coverage On Cemex with Underperform Rating, Announces Price Target of $9
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has initiated coverage on Cemex (NYSE:CX) with an Underperform rating and set a price target of $9.

May 14, 2024 | 10:18 am
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RBC Capital initiated coverage on Cemex with an Underperform rating and a price target of $9, indicating a bearish outlook.
Analyst ratings, especially from reputable firms like RBC Capital, can significantly influence investor perception and stock price. An Underperform rating suggests that the analyst believes the stock will not perform as well as the broader market, potentially leading to a decrease in its price. The announcement of a specific price target provides a benchmark for expectations, in this case, suggesting a limited upside or even downside from the current trading price, depending on where it stands in relation to the target at the time of the announcement.
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