Titan America downgraded to Underperform at BofA following 21% rally

As previously reported, BofA analyst Sherif El-Sabbahy downgraded Titan America (TTAM) to Underperform from Neutral with an unchanged price target of $14. Despite housing data continuing to trend lower, particularly in the South, Titan’s stock price has moved up 21% since the start of this month, the analyst noted. The firm expects to see Q2 impacted by the ongoing weakness in residential demand and views a substantially weaker Q2 as likely to drive a “push out” of the company’s residential forecast, driving some of the expected second half pickup into 2026, the analyst tells investors.