|Over a week ago|
Cemex downgraded to Neutral from Outperform at Exane BNP Paribas » 05:1709/2009/20/22
Exane BNP Paribas analyst…
Exane BNP Paribas analyst Paul Roger downgraded Cemex to Neutral from Outperform with a $4 price target.
|Over a month ago|
Cemex price target lowered to $4.70 from $5 at Berenberg » 11:4008/0508/05/22
Berenberg analyst Harry…
Berenberg analyst Harry Goad lowered the firm's price target on Cemex to $4.70 from $5 and keeps a Hold rating on the shares.
|Over a quarter ago|
Cemex launches new Green Financing Framework » 06:3606/2706/27/22
CEMEX announced the…
CEMEX announced the launch of its Green Financing Framework, the first in its sector, further expanding its commitment to sustainable finance and building a more sustainable world. The Framework reflects the roadmap and objectives of CEMEX's climate action program, Future in Action. CEMEX has a steadfast commitment to lead in climate action and to achieve net-zero carbon emissions globally in concrete by 2050. "After launching our Sustainability-Linked Financing Framework last year, it is only natural for us to build on that initiative with additional sustainable finance innovation in the form of the Green Financing Framework, that will enable the building of a more resilient future for all," said Maher Al-Haffar, CEMEX's Chief Financial Officer and founding member of the UN Global Compact CFO Coalition for the SDGs.
Cemex downgraded to Hold from Buy at Berenberg » 04:3806/1006/10/22
Berenberg analyst Harry…
Berenberg analyst Harry Goad downgraded Cemex to Hold from Buy with a price target of $5, down from $7.20. The analyst now forecasts construction market growth will slow to 0% in 2023 in Europe and the U.S. due to the rising macro pressures of increasing interest rates and higher build costs. "Nevertheless, despite incorporating more cautious growth assumptions, we generally regard valuations as supportive, leaving several attractive Buy ideas" in the construction sector, Goad tells investors in a research note.
Cemex upgraded to Outperform from Neutral at Credit Suisse » 05:2004/2004/20/22
Credit Suisse analyst…
Credit Suisse analyst Vanessa Quiroga upgraded Cemex to Outperform from Neutral with a $6.70 price target.
Cemex downgraded to Neutral from Buy at Goldman Sachs » 18:1304/0404/04/22
Goldman Sachs analyst…
Goldman Sachs analyst Bruno Amorim downgraded Cemex to Neutral from Buy with a price target of $6, down from $9.20. The analyst said that energy cost inflation will likely not be fully offset by cement price hikes. Amorim added that, given the quick increase in energy costs recently, he believes short-term earnings will remain pressured, which should drive downward earnings revisions in the following quarters and potentially drive lower guidance once Cemex announces Q1 results on April 28.
Cemex downgraded to Neutral from Outperform at Credit Suisse » 05:1802/2302/23/22
Credit Suisse analyst…
Credit Suisse analyst Vanessa Quiroga downgraded Cemex to Neutral from Outperform with a $6.40 price target. The analyst sees too much cost pressures ahead for the company.
Cemex announces acquisition of Broquers Ambiental » 14:5201/2801/28/22
Cemex announced the…
Cemex announced the acquisition of Broquers Ambiental, a sustainable company that focuses on the separation, recovery, and treatment of urban solid waste generated in the city of Queretaro. This acquisition is part of Cemex's Future in Action program, aimed to achieve carbon neutrality, the company said. "With this acquisition, at CEMEX, we are firmly committed to the circular economy by integrating our value chain to the production of climate-friendly fuels that we use in cement production. Our objective for this year is to double Broquer's capacity and thereby contribute to the progress towards sustainability in the city of Queretaro, as well as the transformation of Mexico towards a green economy," said Ricardo Naya, President of Cemex Mexico.
Cemex to sell Costa Rica and El Salvador operations for $335M » 07:1812/3012/30/21
Cemex "announced that it has signed an agreement for the sale of its operations in Costa Rica and El Salvador with Cementos Progreso Holdings, S.L., through its subsidiaries, for a total consideration of approximately $335M. This transaction further advances the goal under CEMEX's strategic plan, Operation Resilience, to optimize its global portfolio. The divested assets consist of 1 fully integrated cement plant, 1 grinding station, 7 ready-mix plants, 1 aggregate quarry and 1 distribution center in Costa Rica, and 1 distribution center in El Salvador."
Unusually active option classes on open November 8th » 09:4011/0811/08/21
PTRA, EVGO, CX, LYV, TTD, BLNK, CHPT, ABNB, VLTA
Unusual total active…
Unusual total active option classes on open include: Proterra (PTRA), EVgo (EVGO), Cemex (CX), Advisorshares Pure Us Cannabis ETF (MSOS), Live Nation (LYV), Trade Desk (TTD), Blink Charging (BLNK), ChargePoint Holdings (CHPT), Airbnb (ABNB), and VLTA (VLTA).