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CX

Cemex

$6.87

-0.01 (-0.15%)

09:03
04/09/18
04/09
09:03
04/09/18
09:03

Cemex upgraded to Buy on valuation at BofA/Merrill

As previously reported, BofA/Merrill upgraded Cemex to Buy from Neutral with a $8.50 price target. Analyst Carlos Peyrelongue believes election risk is reflected in valuation and believes Mexican stocks will rebound led by Cemex.

  • 16

    Apr

CX Cemex
$6.87

-0.01 (-0.15%)

04/09/18
BOFA
04/09/18
UPGRADE
BOFA
Buy
Cemex upgraded to Buy from Neutral at BofA/Merrill
03/01/18
SBSH
03/01/18
NO CHANGE
SBSH
Buy
Cemex added to Focus List on recent pullback at Citi
Citi analyst Dan McGoey added Cemex to his firm's Focus List citing the 12% pullback in the shares since his December 19 upgrade to Buy. The company's top priority remains recovering investment grade metrics, and "relevant" acquisitions or repurchases are unlikely until that's achieved, McGoey tells investors in a research note after speaking to management. He sees a "great" entry point at current share levels.
02/15/18
02/15/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alaska Air (ALK) downgraded to Neutral from Buy at UBS with analyst Darryl Genovesi saying he believes consensus estimates are too high and in particular reflect too rosy a RASM view given progressively more intense competition in its network. 2. Patterson Companies (PDCO) downgraded to Underweight from Neutral at JPMorgan with analyst Michael Minchak saying the company faces more near-term headwinds and uncertainties relative to other names he covers. He believes it will take time for Patterson's initiatives to bear fruit. 3. Cemex (CX) downgraded to Sell from Buy at UBS with analyst Mauricio Serna says he expects the share selloff to continue given the company's "struggling" international operations and "still high" debt. 4. Atara Biotherapeutics (ATRA) downgraded to Sell from Neutral at Citi with analyst Yigal Nochomovitz saying the recent 200%-plus rally in the shares is not supported by fundamentals. 5. Tanger Factory (SKT) downgraded to Underperform from In Line at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/15/18
UBSW
02/15/18
DOWNGRADE
Target $6.5
UBSW
Sell
Cemex downgraded to Sell from Buy at UBS
UBS analyst Mauricio Serna double downgraded Cemex to Sell from Buy and cut his price target for the shares to $6.50 from $10.20. The analyst expects the share selloff to continue given the company's "struggling" international operations and "still high" debt. Seeking approval for 25% equity capital issuance for potential acquisitions adds uncertainty when Cemex is losing market share and has eroding margins, Serna tells investors in a research note. He reduced his estimates for the company "significantly."

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LABL

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Wesco Aircraft

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TGI

Triumph Group

$21.10

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Hexcel

$68.40

-1.13 (-1.63%)

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$18.64

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General Dynamics

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Heico

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NOC

Northrop Grumman

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PNC Financial

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-0.7 (-0.49%)

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Wells Fargo

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