Scotiabank analyst Francisco Suarez lowered the firm’s price target on Cemex (CX) to $8.20 from $8.90 and keeps an Outperform rating on the shares. The firm believes the shares currently trade at half of its fair value, the analyst tells investors. The firm updated its model and made more conservative assumptions, with some appearing unrealistic given the company has materially improved its risk profile.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CX: