Amrize initiated with a Neutral at Goldman Sachs

Goldman Sachs initiated coverage of Amrize (AMRZ) with a Neutral rating and $57 price target The company generates an industry-leading 40% margins in its North America cement business where it holds a #1 market position nationwide with 23% revenue share and strong 50+% share on a local market, the analyst tells investors in a research note. The firm adds however that its positive view of the Amrize franchise is balanced by its outlook for slowing construction growth and as a result challenging cement industry unit profitability in the medium term.