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CX - CEMEX's Run May Not Be Over But Project Uncertainty Is A Key Risk
Cemex S.A.B. de C.V. Sponsored ADR
Cemex has been on a tear, with the shares doubling in six months on unexpectedly strong cement demand in the U.S. and Mexico.
Economy recoveries will help demand in both the U.S. and Mexico, but U.S. infrastructure demand looks more reliant on the passage of a federal stimulus bill.
I can see Cemex heading to over $8, and possibly over $9, on increasing bullishness on cement demand in the U.S. and Mexico, but investors should remember the cyclical risks.