Citi upgrades Cemex stock to Buy with a USD 12.00 target

Published on 10/15/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cemex stock costs EUR 0.86 on October 15, 2026 versus USD 9.52 on the NYSE. The next earnings webcast is set for October 26, 2026 for third-quarter results.

Reporting schedule and operating growth

Citi upgraded Cemex to Buy with a USD 12.00 target on October 14, 2026.
Cemex reported 24.00 percent EBITDA growth for the second quarter of 2026.
Cemex stock trades at EUR 0.86 at 11:14 a.m. CEST at Lang & Schwarz on October 15, 2026.
The next earnings webcast is scheduled for October 26, 2026.

CX, MXP225611567, Illustration mit AI erstellt.

Cemex (ISIN MXP225611567) was trading at EUR 0.86 at Lang & Schwarz on October 15, 2026 at 11:14 a.m. CEST. Citi upgraded Cemex from Neutral to Buy on October 14, 2026 and set a USD 12.00 price target, according to Markets Insider.

Citi sees recovery potential

Citi's change gives the stock a fresh analyst catalyst after a period of pressure from higher U.S. interest rates. The firm cited an early recovery trend in the Mexican property market, Cemex's stronger balance sheet and progress on its cost-cutting EDGE program, according to TipRanks. The USD 12.00 target is below Citi's previous USD 13.70 target, making the rating upgrade more cautious than the headline suggests.

What does the operating trend show?

Cemex reported 24.00 percent EBITDA growth in the second quarter of 2026 and raised its full-year EBITDA growth guidance to 16-17 percent, according to the company's investor-relations information dated July 23, 2026. The figures put operational improvement at the center of the investment case, while the lower Citi target highlights the competing effect of financing conditions.

Three dated Cemex developments

On July 23, 2026, Cemex reported second-quarter results with 24.00 percent EBITDA growth and raised full-year EBITDA growth guidance to 16-17 percent. On October 9, 2026, RBC Capital cut its target from USD 13.50 to USD 13.25 and kept a Sector Perform rating, according to Markets Insider. On October 14, 2026, Citi upgraded the rating to Buy and set a USD 12.00 target.

Dates for the next results

Cemex's next earnings webcast is scheduled for October 26, 2026, at 11:00 a.m. ET, followed by the fourth-quarter 2026 webcast on February 18, 2027, according to Cemex. Those dates give investors the next checkpoints for the 16-17 percent full-year EBITDA growth outlook.

Stock price and market value

Cemex's primary listing is on the NYSE, where the stock was last quoted at USD 9.52 on October 14, 2026 at 4:00 p.m. ET. The company had a USD 13.8 billion market capitalization at that quote and a USD 9.11 to USD 13.67 52-week range.

Cemex was trading at EUR 0.86 at Lang & Schwarz on October 15, 2026 at 11:14 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Cemex stock.