JP Morgan Maintains Overweight Rating for Cemex: Here's What You Need To Know


JP Morgan has decided to maintain its Overweight rating of Cemex CX and raise its price target from $8.00 to $9.00.

Shares of Cemex are trading up 2.73% over the last 24 hours, at $7.72 per share.

A move to $9.00 would account for a 16.5% increase from the current share price.

About Cemex

Cemex SAB de CV is a ready-mix concrete company and one of the aggregates companies in the world. In 2021, the company sold roughly 67 million tons of cement, 49.2 million cubic meters of ready-mix, and 135 million tons of aggregates. As of Dec. 31, 2021, the company had an annual cement production capacity of roughly 88.5 million tons.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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