Cemex surges after Credit Suisse upgrade

Cemex surges after Credit Suisse upgrade
Published: 11 May 2010

Shares in Cemex surged after Credit Suisse raised its rating to "outperform" from "neutral," citing improved growth expectations for the US market.

Cemex shares gained 7.09   to 14.20 pesos in opening trade -- also riding a global rebound in stocks on news of a massive rescue package to stem fears of contagion from the Greek debt crisis in Europe, another of Cemex’s major markets.

Source: Reuters