|Last Price$71.69||Day Change (%)0.46%|
|Open Price$71.69||Day Change ($)0.33|
|Day Range71.69–71.69||52-Week Range54.20–75.94|
As of Wed 09/28/2016 | USD
We are raising our fair value estimate for Cemex CX to $45 per share from $33 for three reasons. The first is Cemex's attempt to acquire Rinker RIN for $12.8 billion in cash, which we expect to be additive to our valuation. This stems largely from the additional cash flows that we think Cemex can ...