Scotia Capital Has Sector Perform on CEMEX

Scotia Capital is out with a research report on CEMEX (NYSE: CX) and it has a Sector Perform rating and a $4.10 price target on shares.

In a note to clients, Scotia Capital writes, "Revenue growth in Mexico from a modest increase in construction activity and higher peso pricing should be partially offset by the peso's depreciation during the quarter and eroded profitability."

Shares of CX closed at $3.57 yesterday.