Amrize downgraded to Sector Perform from Outperform at RBC Capital

RBC Capital analyst Anthony Codling downgraded Amrize (AMRZ) to Sector Perform from Outperform with a price target of $60, up from $56. The firm adjusted ratings in the global building materials group as part of its 2026 outlook. RBC epacts companies who are overweight U.S. infrastructure and with self-help stories to outperform in 2026. Share outperformance will likely require acquisitions, self-help and an overweight exposure to infrastructure, the analyst tells investors in a research note. It downgraded Amrize, Heidelberg and Sika, saying the outlook for U.S. cement volumes “remains subdued.”