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

Rating:
Neutral CX
down 15.56 %

Cemex S.a.b. De C.v. (CX) downgraded to Neutral by Longbow

Posted on: Friday,  Sep 12, 2008  9:25 AM ET by Longbow

Longbow rated Neutral Cemex S.a.b. De C.v. (NYSE: CX) on 09/12/2008. Previously Longbow rated Buy Cemex S.a.b. De C.v. (NYSE: CX) on
07/24/2008., when the stock price was $21.77. Since then, Cemex S.a.b. De C.v. has lost 15.56% as of 09/12/2008's recent price of $18.38.
If you would have followed the previous Longbow's recommendation on CX, you would have lost 15.56% of your investment in 50 days.

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.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2008 9:25 AM Hold
None
18.38
as of 12/24/2008
1 Week down  -4.24 %
1 Month up  34.60 %
3 Months down  -4.35 %
1 YTD down  -73.10 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/24/2008 10:25 AM Buy
None
21.77 33.60

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