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Enter Symbol:
 
Cemex S.a.b. De C.v. (CX) [hlAlert]

Rating:
Neutral CX

Cemex S.a.b. De C.v. (CX) rated Neutral by JP Morgan

Posted on: Thursday,  May 29, 2008  8:25 AM ET by JP Morgan

CEMEX S.A. (CX)
rated Neutral by JP Morgan.

CEMEX, S.A.B. de C.V. (CEMEX) is a Mexico-based holding company of entities whose main activities are oriented to the construction industry, through the production, marketing, distribution and sale of cement, ready-mix concrete, aggregates and other construction materials. CEMEX is a global cement manufacturer with operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East, Australia and Asia. The Company, through its operating subsidiaries, is engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. As of December 31, 2008, the Company?s main cement production facilities were located in Mexico, the United States, Spain, the United Kingdom, Germany, Poland, Croatia, Latvia, Colombia, Costa Rica, the Dominican Republic, Panama, Nicaragua, Puerto Rico, Egypt, the Philippines and Thailand. On December 26, 2008, the Company sold its Canary Islands operations.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2008 8:25 AM Hold
None
28.31
as of 12/24/2008
1 Week down  -4.24 %
1 Month up  34.60 %
3 Months down  -4.35 %
1 YTD down  -72.43 %

(*) Stock Price at the time of the recommendation.
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