CEMEX shares rise 5.16% intraday after Morgan Stanley upgrades to Overweight from Equal Weight with $14 target.
ByAinvest
Monday, Mar 23, 2026 10:10 am ET1min read
CX--
Cemex surged 5.16% intraday after Morgan Stanley upgraded the stock to Overweight from Equal Weight, maintaining a $14 price target. The firm cited the company’s proactive margin protection strategies as a key rationale for the upgrade. Analyst Alejandra Obregón Martínez reiterated the Buy rating, reinforcing confidence in Cemex’s operational resilience and positioning in the construction materials sector. The analyst’s action aligns with the stock’s intraday rally, reflecting renewed investor optimism following the institutional endorsement.
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