RBC Capital Maintains Sector Perform on Cemex, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Anthony Codling maintains a Sector Perform rating on Cemex (NYSE:CX) but lowers the price target from $6.5 to $6.
October 29, 2024 | 2:35 pm
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RBC Capital has maintained its Sector Perform rating on Cemex but has lowered the price target from $6.5 to $6, indicating a more cautious outlook.
The lowering of the price target by RBC Capital suggests a less optimistic view on Cemex's short-term performance, which could lead to a negative impact on its stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the market, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100