Citi upgrades Cemex stock to Buy but cuts target to USD 12.00

Published on 10/19/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cemex stock costs EUR 0.92 on October 19, 2026. Third-quarter results are due October 26, 2026 at 11:00 a.m. ET.

Analyst action and upcoming dates

Citi upgraded Cemex to Buy and set a USD 12.00 target on October 14, 2026.
Cemex reported USD 4.59 billion in revenue for the second quarter of 2026.
Cemex stock traded at EUR 0.92 at 10:03 a.m. CEST at Lang & Schwarz on October 19, 2026.

CX, MXP225611567, Illustration mit AI erstellt.

Cemex (ISIN MXP225611567) was trading at EUR 0.92 at Lang & Schwarz on October 19, 2026 at 10:03 a.m. CEST. Markets Insider reported that Citi upgraded Cemex from Neutral to Buy on October 14, 2026, while cutting its price target from USD 13.70 to USD 12.00.

Why did Citi cut the target?

The rating change combines a more cautious valuation with a constructive view of Cemex's Mexican operations. Citi cited higher U.S. interest rates as a reason for the lower target, while pointing to an early recovery trend in the Mexican property market, a healthier balance sheet and progress under the Cutting Edge program.

The latest reported operating base remains the second quarter of 2026. Cemex reported revenue of USD 4.59 billion for that period, according to MarketBeat. The company investor page lists 2025 net sales of USD 16.1 billion and operating EBITDA of USD 3.1 billion, giving investors a scale reference for the next report.

Three recent Cemex events

On October 1, 2026, Vicat entered exclusive negotiations to acquire Cemex operations in southeastern France, covering 48 ready-mix plants and 9 aggregates quarries, according to GlobeNewswire. On October 9, 2026, RBC Capital lowered its target from USD 13.50 to USD 13.25, as Markets Insider reported. Citi's October 14 target change is the latest of the three events.

What comes next for Cemex?

Cemex lists its third-quarter 2026 earnings webcast for October 26, 2026 at 11:00 a.m. ET and its fourth-quarter 2026 webcast for February 18, 2027 at 11:00 a.m. ET. Those dates come from the company's investor-relations page, which also identifies Cemex as a cement, ready-mix concrete and aggregates producer operating in more than 50 countries.

Stock price and investor context

The October 14 analyst action puts the next earnings release at the center of the near-term debate. Revenue of USD 4.59 billion in the second quarter of 2026 and the USD 12.00 Citi target provide two concrete reference points for assessing the balance between operating progress and valuation pressure.

Cemex was trading at EUR 0.92 at Lang & Schwarz on October 19, 2026 at 10:03 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Cemex stock.