BofA lowered the firm’s price target on Titan America (TTAM) to $15.50 from $16.50 and keeps a Neutral rating on the shares. Q4 results came in above expectations, but Titan expects Q1 to see a more pronounced impact from record cold in the mid-Atlantic and severe rainfall in Florida impacting demand for construction materials, the analyst tells investors. The firm raised its revenue estimates 1% for 2025 and 2026 and maintains its 2025 EBITDA estimate of $405M, but lowered its multiple to account for higher uncertainty and a potential push out of a recovery in residential demand.
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