Morgan Stanley maintains Cemex rating

Morgan Stanley maintains Cemex rating
Published: 27 January 2014


Morgan Stanley has maintained its 'Overweight' rating on Cemex, raising its price target to US$14.00 from US$13.00.

It believes that the Mexican cement major could be turning the corner in its domestic market where demand will be driven by infrastructure in the first half of the year, and by retail and housing projects in the latter half.



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