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Bank of America Securities Remains a Buy on Cemex SAB (CX)

Tipranks - Tipranks - Wed Jan 14, 8:48AM CST

Bank of America Securities analyst Carlos Peyrelongue reiterated a Buy rating on Cemex SAB today and set a price target of $13.53.

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According to TipRanks, Peyrelongue is a 3-star analyst with an average return of 3.2% and a 60.00% success rate. Peyrelongue covers the Industrials sector, focusing on stocks such as Grupo Aeroportuario del Sureste, Grupo Aeroportuario del Pacifico, and Grupo Aeroportuario del Sureste SA de CV.

In addition to Bank of America Securities, Cemex SAB also received a Buy from TipRanks – Google’s Google Construction Materials in a report issued today. However, yesterday, RBC Capital maintained a Hold rating on Cemex SAB (NYSE: CX).

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Based on Cemex SAB’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.25 billion and a net profit of $264.09 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $405.72 million

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