
Deutsche Bank initiates coverage of building solutions company Amrize AMRZ.S with "buy" citing its "imperious" market share in the U.S. (around 19%) and Canada (more than 30%)
It adds the company is strong in 85% of the aggregates markets in which it is active and has a meaningful position in roofing, achieved via three key acquisitions
DB says Amrize is well placed to take advantage of a golden era of construction backed by multi-year stimulus, such as the U.S. Infrastructure Investment and Jobs Act
Amrize recently started trading on the Swiss stock exchange having been spun off by its parent company, the Swiss building materials company Holcim HOLN.S
Out of three analysts that cover Amrize, two rate the stock "strong buy" or "buy" and one "hold" - LSEG data