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Analysts Offer Insights on Materials Companies: LANXESS (OtherLNXSF) and Cemex SAB (CX)

Tipranks - Sat May 30, 4:12AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on LANXESS (LNXSF) and Cemex SAB (CX).

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LANXESS (LNXSF)

In a report released today, Peter Spengler from DZ BANK AG maintained a Hold rating on LANXESS. The company’s shares closed last Thursday at $21.73.

According to TipRanks.com, Spengler is ranked #1994 out of 12284 analysts.

Currently, the analyst consensus on LANXESS is a Moderate Sell with an average price target of $19.22, implying a -7.6% downside from current levels. In a report issued on May 21, J.P. Morgan also downgraded the stock to Hold with a EUR18.00 price target.

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Cemex SAB (CX)

Barclays analyst Benjamin Theurer maintained a Buy rating on Cemex SAB today and set a price target of $15.00. The company’s shares closed last Thursday at $13.06.

According to TipRanks.com, Theurer is a 4-star analyst with an average return of 5.2% and a 52.8% success rate. Theurer covers the Consumer Goods sector, focusing on stocks such as Grupo Comercial Chedraui SAB de CV, Kimberly-Clark de Mexico SAB de CV, and Wal-Mart de Mexico SAB de CV. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cemex SAB with a $14.20 average price target, which is an 8.1% upside from current levels. In a report issued on May 14, TipRanks – xAI also upgraded the stock to Buy with a $15.00 price target.

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