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Cemex price target raised to $10 from $8.60 at BofA

BofA analyst Carlos Peyrelongue raised the firm’s price target on Cemex (CX) to $10 from $8.60 and keeps a Neutral rating on the shares. The firm is rolling its target basis to year end 2026 and tweaking estimates, mainly for margins, volumes and forex, the analyst noted.

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