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CX - Cemex raised to Buy at Goldman as cost controls seen boosting results
Cemex S.A.B. de C.V. Sponsored ADR
Cemex (CX+1.9%) extends its recent run higher as Goldman Sachs upgrades shares to Buy from Neutral with a $5.10 price target, believing the company's cost control initiatives will see EBITDA fall by "just 2%" in FY 2020 and rise by 8% in FY 2021.