Cemex Analysts Slash Their Forecasts After Q3 Results

Financial Performance - Cemex reported third-quarter earnings of 14 cents per share, missing the analyst consensus estimate of 19 cents per share [1] - Quarterly sales were $4.090 billion, which also fell short of the analyst consensus estimate of $4.305 billion [1] - Following the earnings announcement, Cemex shares declined by 8.7%, closing at $5.46 [1] Analyst Ratings and Price Targets - JP Morgan analyst Adrian Huerta downgraded Cemex from Overweight to Neutral and reduced the price target from $7 to $6 [2] - Barclays analyst Benjamin Theurer maintained an Overweight rating but lowered the price target from $9 to $8 [2] - The consensus price target for Cemex is $7.2 based on the ratings of 8 analysts, with a high target of $10 from Goldman Sachs and a low of $4.9 from Redburn Partners [3] - Recent analyst ratings suggest an implied upside of 27.50% for Cemex from the average price target of $7 [3]