JP Morgan Maintains Overweight Rating for Cemex: Here's What You Need To Know

JP Morgan has decided to maintain its Overweight rating of Cemex CX and raise its price target from $8.00 to $9.00.

Shares of Cemex are trading up 2.73% over the last 24 hours, at $7.72 per share.

A move to $9.00 would account for a 16.5% increase from the current share price.

About Cemex

Cemex SAB de CV is a ready-mix concrete company and one of the aggregates companies in the world. In 2021, the company sold roughly 67 million tons of cement, 49.2 million cubic meters of ready-mix, and 135 million tons of aggregates. As of Dec. 31, 2021, the company had an annual cement production capacity of roughly 88.5 million tons.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.