Barclays Upgrades Cemex to Overweight, Maintains Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer has upgraded Cemex (NYSE:CX) from Equal-Weight to Overweight, while maintaining the price target at $9.
July 31, 2024 | 11:25 am
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POSITIVE IMPACT
Barclays analyst Benjamin Theurer has upgraded Cemex from Equal-Weight to Overweight, maintaining the price target at $9. This upgrade suggests increased confidence in Cemex's performance and could positively impact its stock price in the short term.
The upgrade from Equal-Weight to Overweight by a reputable analyst at Barclays indicates a positive outlook on Cemex's future performance. Maintaining the price target at $9 suggests that the analyst believes the stock is undervalued at its current price, which could lead to increased investor interest and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100