J.P. Morgan analyst Adrian Huerta maintains $Cemex (CX.US)$ with a buy rating, and adjusts the target price from $8 to $7.
According to TipRanks data, the analyst has a success rate of 54.4% and a total average return of 17.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Cemex (CX.US)$'s main analysts recently are as follows:
The firm forecasts a subdued quarter for Cemex, anticipating a 14% reduction in EBITDA year-over-year, reaching $781M, alongside a margin contraction of 1.5 points to 18.4%. This expectation is attributed to the adverse effects of currency fluctuations and unfavorable weather conditions.
Cemex is now perceived as a more attractive investment when considering the balance of risks and rewards, especially after its share price has underperformed for a period. This reassessment is informed by the company's improved credit ratings and the impact of asset divestitures. Nonetheless, the potential influence of the U.S. election outcome on the company's share price remains a concern, with the possibility that a Republican victory could diminish investment into Mexico.
Note:
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