Amrize Ltd (NYSE:AMRZ) ranks among the recent spin-off companies that hedge funds are piling into. On March 16, Truist Securities reaffirmed its Buy rating on Amrize Ltd (NYSE:AMRZ) with a $75 price target. The firm stated that Amrize has gained prominence since its spinoff, especially for its cement revenues and margins.
Truist believes Amrize Ltd (NYSE:AMRZ) is one of the few names that do not require a residential cycle to expand, citing price increases in aggregates as well as cost-cutting efforts. The firm also noted increased industry concerns about a potential cement tariff, which might favor local players like Amrize Ltd (NYSE:AMRZ) with volume and pricing increases over the summer.
In a separate vein, Amrize Ltd (NYSE:AMRZ) confirmed the conclusion of its acquisition of PB Materials Holdings, Inc., which expands its operations in West Texas with 26 new locations. This acquisition increases Amrize’s foothold in a region with a growing infrastructure and energy project pipeline.
Amrize Ltd (NYSE:AMRZ) provides building solutions for infrastructure, commercial, and residential construction markets in North America through its Building Materials and Building Envelope segments.
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