Citi raised the firm’s price target on Amrize (AMRZ) to $67 from $63 and keeps a Buy rating on the shares. The firm updated estimates and targets in the homebuilding and building products group as part of its 2026 outlook. Citi continues to prefer heavy construction materials with exposure to infrastructure over the residential exposed names.
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Read More on AMRZ:
- Amrize to Buy West Texas Aggregates Leader PB Materials in Growth Push
- Amrize to acquire PB Materials, terms not disclosed
- Amrize Ltd Expands Production at Ste. Genevieve Cement Plant
- Amrize expands production capacity at U.S. cement plant
- Amrize downgraded to Sector Perform from Outperform at RBC Capital