Cemex reported Q3 earnings of 14 cents, missing expectations. Sales of $4.09 billion were below the $4.305 billion forecast. Shares dropped 8.7% to $5.46 after earnings announcement. JP Morgan downgraded Cemex to Neutral with a $6 price target. Barclays maintained Overweight but lowered target from $9 to $8.
- Warren Buffet's interest in real estate stocks may signal a potential rally. - Fannie Mae's rally linked to Zillow stock, impacting Equity LifeStyle Properties, SoFi, and Cemex. - Cemex stock expected to benefit from Florida's construction boom. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Research Analysis