Citigroup upgrades Cemex stock to Buy from Neutral

Published on 10/20/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup set a USD 12.00 target on October 15, 2026. Cemex stock costs EUR 0.92 on October 20, 2026 ahead of October 26 results.

Analyst view and earnings dates

Citigroup upgraded Cemex from Neutral to Buy on October 15, 2026, with a USD 12.00 target.
Second-quarter 2026 revenue reached USD 4.59 billion, while full-year EBITDA growth guidance stood at 16.00 percent to 17.00 percent.
Cemex stock traded at EUR 0.92 at 11:05 a.m. CEST at Lang & Schwarz on October 20, 2026.

CX, MXP225611567, Illustration mit AI erstellt.

Cemex (ISIN MXP225611567) traded at EUR 0.92 at Lang & Schwarz on October 20, 2026, at 11:05 a.m. CEST. MarketScreener reported that Citigroup upgraded Cemex from Neutral to Buy on October 15, 2026, and set a USD 12.00 price target.

Citi changes its view

The analyst action gives the stock a fresh external catalyst ahead of Cemex's third-quarter report. The target was reduced from USD 13.70 to USD 12.00, while the recommendation moved from Neutral to Buy, according to MarketScreener.

The comparison matters because Cemex's most recent reported quarter showed both operating improvement and a high earnings bar. Finance data for the second quarter of 2026 put revenue at USD 4.59 billion, operating profit at USD 631.03 million and consolidated net income at USD 837.13 million.

What does the target mean?

Citigroup's USD 1.70 reduction in the target contrasts with the upgrade in rating. Cemex's investor-relations page says management raised full-year 2026 EBITDA growth guidance to 16.00 percent to 17.00 percent after second-quarter results, making execution and cash generation central to the next report.

Three dated Cemex developments

On July 23, 2026, Cemex reported second-quarter sales of USD 4.59 billion and second-quarter earnings per share of USD 0.24, as summarized by MarketScreener. On October 15, 2026, Citigroup changed its rating to Buy and set a USD 12.00 target. On October 26, 2026, Cemex is scheduled to host its third-quarter earnings webcast.

Upcoming reporting dates

Cemex lists the third-quarter 2026 earnings webcast for October 26, 2026, at 11:00 a.m. ET. The company also lists its fourth-quarter 2026 earnings webcast for February 18, 2027, at 11:00 a.m. ET.

Price stays in the foreground

Cemex operates across cement, ready-mix concrete, aggregates and related construction materials, with operations in more than 50 countries. Its investor-relations page reports 2025 net sales of USD 16.10 billion and operating EBITDA of USD 3.10 billion, providing a scale reference for the upcoming quarterly update.

The stock was trading at EUR 0.92 at Lang & Schwarz on October 20, 2026, at 11:05 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Cemex stock.