Barclays Starts CEMEX (CX) at Equalweight; Decent Upside Potential...Tomorrow
Tweet
Share
E-mailGet Alerts CX Hot Sheet
Price: $12.70 +7.63%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 39
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 39
Join SI Premium – FREE
Barclays initiates coverage on CEMEX (NYSE: CX) with an Equalweight. PT $9.
Barclays analyst says, "It is all about (cyclical) recovery: As with any cyclical stock going through a downturn, CX's potential upside relies on the recovery of cash-flow generation toward mid-cycle levels. We assume a normalized consolidated EBITDA of US$4bn to be achieved in 2015. Although we believe that this assumption is undemanding, we highlight that the predictability of both the level and the timing of this recovery is limited and highly impactful on the stock valuation."
For more ratings news on CEMEX click here and for the rating history of CEMEX click here.
Shares of CEMEX closed at $8.28 yesterday.
Barclays analyst says, "It is all about (cyclical) recovery: As with any cyclical stock going through a downturn, CX's potential upside relies on the recovery of cash-flow generation toward mid-cycle levels. We assume a normalized consolidated EBITDA of US$4bn to be achieved in 2015. Although we believe that this assumption is undemanding, we highlight that the predictability of both the level and the timing of this recovery is limited and highly impactful on the stock valuation."
For more ratings news on CEMEX click here and for the rating history of CEMEX click here.
Shares of CEMEX closed at $8.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein SocGen Group Starts Colgate-Palmolive Company (CL) at Market Perform
- Bernstein SocGen Group Starts Keurig Dr Pepper (KDP) at Outperform, 'outstanding Functional Beverages portfolio'
- Macquarie Starts Hitachi Energy India Ltd (POWERIND:IN) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
