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Morgan Stanley Remains Bullish On Cemex Following Company Analyst Day

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What Cemex Needs To Do For Morgan Stanley To Turn Bullish

In a report published Friday, Morgan Stanley analyst Nikolaj Lippmann reiterated an Overweight rating and $14.00 price target on Cemex (NYSE: CX).

In the report, Morgan Stanley noted, “Cemex management remains confident about the EBITDA recovery it outlined in 2013, but is pushing out its guidance slightly. (From 2016 to around 2017). We too remain both constructive and slightly more conservative than CX management – as was the case in earlier years. Cemex is well positioned for growth over the next years and the shape and timing might not matter much yet. We are not changing estimates for Cemex and remain OW with a US$14 PT.”

Cemex closed on Friday at $12.87.

Latest Ratings for CX

DateFirmActionFromTo
Aug 2016JP MorganMaintainsOverweight
Aug 2016SantanderDowngradesBuyHold
Aug 2016Morgan StanleyMaintainsEqual-weight

View More Analyst Ratings for CX
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Nikolaj LippmannAnalyst Color Reiteration Analyst Ratings

 

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