Cemex assumed with a Buy at Goldman Sachs

Goldman Sachs assumed coverage of Cemex with a Buy rating and $9 price target. The firm believes Cemex can continue to benefit from momentum as it sees pricing power for key products across key regions, particularly the U.S. and Mexico, the analyst tells investors. The firm believes pricing power and declining costs, including energy, could drive 5% per year revenue growth in 2024-25 and EBITDA growth of about 8%, the analyst noted.