Barclays Says `Cheap' Cemex Can Go Lower as Peso Curbs Rebound

  • Cemex's shares heading toward worst start to year on record
  • About 85% of company's debt is denominated in U.S. dollars

The largest cement maker in the Americas extended the worst start to a year in more than two decades after Barclays Plc said the shares may drop further as the slide in the Mexican peso adds to the company’s debt burden.

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