This high-flying cement stock has more room to run, says JPMorgan

Cemex will not run out of steam anytime soon, according to JPMorgan. The bank upgraded the Mexican building materials stock to overweight from neutral on Tuesday, and raised its price target to $10.50 per share from $8.10. The firm's forecast implies about 18% upside from Monday's close. Analyst Adrian Huerta pointed to the company's cost-reduction efforts for his bullish stance. Shares have already surged more than 57% this year. CX YTD mountain Cemex stock in 2025. "We are witnessing significant and long-awaited transformational changes within the company. While such changes typically take longer to materialize, [CEO Jaime Muguiro's] urgency in executing these initiatives suggests a faster pace of implementation," Huerta said. "The cost-saving plans are ambitious, yet we anticipate poten