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Fly News Breaks for April 27, 2018
CX
Apr 27, 2018 | 08:09 EDT
As previously reported, Longbow analyst Garik Shmois downgraded Cemex to Neutral from Buy as the U.S. and Mexican markets have failed to improve in the way he expected when he had upgraded the shares last year. While he is still very positive on U.S. heavy materials, he notes Mexican macro uncertainty, multiple contraction in the broader construction materials space and a lack of delivering at Cemex as reasons to downgrade the stock.
News For CX From the Last 2 Days
