Amrize downgraded to Hold from Buy at Truist
Truist analyst Keith Hughes downgraded Amrize to Hold from Buy with a price target of $48, down from $65. The firm is lowering its 2026 estimates below guidance as commercial roofing will take some time to pass through the very large input inflation, causing price/mix erosion in 2026, the analyst tells investors. While cement volumes should remain positive in 2026, a lack of pricing gains limits EBITDA improvement, the analyst added.
Truist analyst Keith Hughes downgraded Amrize to Hold from Buy with a price target of $48, down from $65. The firm is lowering its 2026 estimates below guidance as commercial roofing will take some time to pass through the very large input inflation, causing price/mix erosion in 2026, the analyst tells investors. While cement volumes should remain positive in 2026, a lack of pricing gains limits EBITDA improvement, the analyst added.