Cemex Analysts Slash Their Forecasts After Q3 Results
Portfolio Pulse from Avi Kapoor
Cemex reported disappointing Q3 results, missing both earnings and sales estimates. Analysts have responded by downgrading the stock and lowering price targets, leading to an 8.7% drop in share price.
October 29, 2024 | 1:06 pm
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Cemex's Q3 earnings and sales missed expectations, resulting in analyst downgrades and a significant drop in share price.
Cemex's Q3 earnings per share and sales figures were below analyst expectations, prompting downgrades from JP Morgan and Barclays. This negative sentiment is reflected in the 8.7% drop in share price, indicating a likely short-term negative impact on the stock.
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