Truist on Amrize Ltd (AMRZ): 'Buy On Recent Weakness As Weather Helps Offset Somewhat'

Truist Securities analyst Keith Hughes reiterated a Buy rating and $60.00 price target on Amrize Ltd (NYSE: AMRZ).

The analyst commented: "Buy On Recent Weakness As Weather Helps Offset Somewhat; See Multiple Expansion As Company Becomes Known; AMRZ shares has been under some pressure of late given negative, but without quantification, comments from peer CSL at a recent investor conference. They overlap on about 30% of ARMZ business (Building Envelope segment) but we suspect better weather in Building Materials will offset leaving, our estimates unchanged. We are reiterating our Buy on weakness, as we believe investors are just now learning AMRZ after its June spin from Holcim. Industry leading cement margins in a product shedding its perception and history of cyclical pricing are a standout point, in our view, coupled with a multiple that we think will expand."

For an analyst ratings summary and ratings history on Amrize Ltd click here. For more ratings news on Amrize Ltd click here.

Shares of Amrize Ltd closed at $50.40 yesterday.

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