JP Morgan Maintains Overweight on Cemex, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Adrian Huerta maintains an Overweight rating on Cemex (NYSE:CX) but lowers the price target from $8 to $7.

October 09, 2024 | 7:56 pm
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JP Morgan has maintained its Overweight rating on Cemex but has lowered the price target from $8 to $7, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Cemex's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100