tiprankstipranks
Trending News
More News >

Cemex downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley downgraded Cemex (CX) to Equal Weight from Overweight with a price target of $13, down from $14. The firm cites the uncertain macro backdrop and growing evidence of capex deceleration in Mexico for the downgrade. Cemex shares “might remain capped” by trade and cyclical risks, the analyst tells investors in a research note. As such, Morgan Stanley awaits more visibility and a better risk/reward profile.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue