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Cemex S.A.B. de C.V. (CX) Gets Downgraded to Sector Perform from Outperform by Scotiabank
Yahoo Financeยท 2025-10-24 11:42
Group 1 - Cemex S.A.B. de C.V. (NYSE:CX) is considered one of the best affordable stocks to buy under $20, despite being downgraded to Sector Perform from Outperform by Scotiabank on October 20, while the price target was raised to $11.10 from $10.90 [1] - Scotiabank indicated that Cemex's shares are expected to experience a "pause" after a year-to-date rally, with no short-term catalysts identified to sustain the recent momentum [2][3] - The company operates in various geographical segments, including Mexico, the United States, Europe, Middle East, Africa and Asia (EMEAA), and South, Central America and the Caribbean (SCA&C), providing products such as ready-mix concrete, cement, aggregates, and urbanization solutions [4]