Barclays Raises Cemex (CX) PT to $10, Cites Structural Transformation

CEMEX (NYSE:CX) is one of the best large cap penny stocks to buy under $10. On July 29, Barclays raised the firm’s price target on Cemex to $10 from $9, while maintaining an Overweight rating on the shares. The firm says that CEMEX is combining a structural transformation and capital efficiency to drive long-term shareholder returns.

Before this announcement, CEMEX showcased a 38% increase in net income for Q2 2025, which was supported by favorable foreign exchange rates and a decrease in interest expenses. For H1, debt income reached a record of $1.05 billion. The company also reported free cash flow from operations of ~$200 million for the quarter.

A busy construction site with workers hard at work, illustrating the industrials division.

The company’s pricing strategy has been effective, with cement, ready-mix, and aggregate prices increasing by 5%, 6%, and 8% respectively, since the start of the year. Energy costs on a per-ton basis for cement declined by 14%. CEMEX anticipates achieving $200 million in savings for the year, with a run rate of $400 million by 2027.

CEMEX (NYSE:CX) produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.