Cemex upgraded to Sector Perform from Underperform at RBC Capital

RBC Capital analyst Anthony Codling upgraded Cemex (CX) to Sector Perform from Underperform with a price target of $11.25, up from $8.25. The firm adjusted ratings in the global building materials group as part of its 2026 outlook. RBC epacts companies who are overweight U.S. infrastructure and with self-help stories to outperform in 2026. Share outperformance will likely require acquisitions, self-help and an overweight exposure to infrastructure, the analyst tells investors in a research note. It upgraded Cemex saying the Mexican economy is stronger than expected post Liberation Day.