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Fly News Breaks for April 4, 2017
CX
Apr 4, 2017 | 08:19 EDT
As previously reported, Morgan Stanley upgraded CEMEX to Overweight from Equal Weight and raised its price target to $11 from $8.50. Analyst Nikolaj Lippmann now sees higher near-term US profitability and growth from LatAm foreign exchange. He expects US EBITDA profitability improvement of 200 bps on pricing, mix, and lower transportation costs and said the strength in MXN/USD from reduced NAFTA risks could add further upside.
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