Amrize initiated with an Overweight at Stephens

Stephens initiated coverage of Amrize (AMRZ) with an Overweight rating and $60 price target As the largest cement producer in North America with leading positions in heavy materials and building envelope products in the U.S and Canada, the firm views the Holcim spinoff as well-positioned to capitalize on strong federal infrastructure spending, resilient nondiscretionary reroofing activity, and an eventual return to growth in overall private demand, the analyst tells investors.