Cemex price target raised to $15 from $12 at Barclays

Barclays analyst Benjamin Theurer raised the firm’s price target on Cemex (CX) to $15 from $12 and keeps an Overweight rating on the shares ahead of the Q4 report. The company is well positioned for margin and cash-led earnings growth, with pricing discipline and cost normalization expected to offset muted volumes, the analyst tells investors in a research note.