On Oct 30, major Wall Street analysts update their ratings for $Cemex (CX.US)$, with price targets ranging from $6 to $8.9.
J.P. Morgan analyst Adrian Huerta downgrades to a hold rating, and adjusts the target price from $7 to $6.
BofA Securities analyst Carlos Peyrelongue maintains with a hold rating.
Barclays analyst Benjamin Theurer maintains with a buy rating, and adjusts the target price from $9 to $8.
Scotiabank analyst Francisco Suarez Savin maintains with a buy rating, and adjusts the target price from $10 to $8.9.
Furthermore, according to the comprehensive report, the opinions of $Cemex (CX.US)$'s main analysts recently are as follows:
The company's Q4 results exhibited a softer performance with operating EBITDA registering at $747M, which was notably lower than anticipated. Nonetheless, it is believed that the majority of the adverse factors are already reflected in the current share price.
The company's recent quarterly performance fell short of the already cautious projections. There appears to be a lack of substantial fundamental drivers for the company's growth until at least mid-February, except for a possible upswing in the Mexican market. Moreover, expectations for the fourth-quarter outcomes are also leaning towards the milder side, accompanied by limited clarity regarding the next year's financial results. Current free cash flow generation does not suffice to support an increasing dividend and buybacks at a reasonable level.
Here are the latest investment ratings and price targets for $Cemex (CX.US)$ from 4 analysts:
Note:
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