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Fly News Breaks for August 29, 2017
CX
Aug 29, 2017 | 08:12 EDT
BofA/Merrill analyst Carlos Peyrelongue downgraded Cemex to Neutral citing lack of positive catalysts and risk of disappointment in Mexico and the US. Channel checks indicate the July price hike absorption was soft and said shares are already pricing in strong absorption, which cold add additional pressure to shares.
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