Scotiabank Maintains Sector Outperform on Cemex, Lowers Price Target to $8.2
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Francisco Suarez maintains a Sector Outperform rating on Cemex (NYSE:CX) but lowers the price target from $8.9 to $8.2.
November 01, 2024 | 2:35 pm
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NEUTRAL IMPACT
Scotiabank has maintained its Sector Outperform rating for Cemex but has lowered the price target from $8.9 to $8.2, indicating a slightly less optimistic outlook.
The maintenance of the Sector Outperform rating suggests continued confidence in Cemex's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100