We're Increasing Cemex’s FVE to $12.50 per ADS on Stronger Peso Despite Challenges in Asia
Cemex had a decent start to 2017 from an operational perspective. Volumes for cement, aggregates, and ready-mix concrete were up in almost all major markets, except for the United States and the Philippines. In the U.S., lower volumes were due to a difficult comparison to last year’s unseasonably mild weather rather than any sign of market weakness. The Philippines also faces a tough year-over-year comparison, as challenging weather conditions and the slow pace of infrastructure growth added fur...
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