DB initiates Amrize with 'buy' on clear market leadership in US and Canada

Amrize AG

01/07/2025 09:16

** Deutsche Bank initiates coverage of building solutions company Amrize AMRZ.S with "buy" citing its "imperious" market share in the U.S. (around 19%) and Canada (more than 30%)

** It adds the company is strong in 85% of the aggregates markets in which it is active and has a meaningful position in roofing, achieved via three key acquisitions

** DB says Amrize is well placed to take advantage of a golden era of construction backed by multi-year stimulus, such as the U.S. Infrastructure Investment and Jobs Act

   ** Amrize recently started trading on the Swiss stock exchange having been spun off by its parent company, the Swiss building materials company Holcim HOLN.S

** Out of three analysts that cover Amrize, two rate the stock "strong buy" or "buy" and ​one "hold" - LSEG data

 (Reporting by Cian Muenster)

 ((Cian.muenster@thomsonreuters.com))