Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Bernstein SocGen Group has reiterated an Outperform rating and $62.00 price target on Amrize Ltd (NYSE:AMRZ), representing a 30% upside from the current price of $47.64. According to InvestingPro data, analyst targets range from $52.50 to $64.00.
The firm described the recent sharp negative reaction in Amrize’s stock price, which has fallen 8.55% in the past week, as "a gross overreaction" that provides "an attractive entry point into this quality stock." The company maintains a "GOOD" overall financial health score on InvestingPro.
According to Bernstein SocGen, the stock decline may have been triggered by high fiscal year expectations, confusion regarding prior soft guidance, and lack of clarity on mid-term guidance.
The research firm noted that Amrize’s CEO has confirmed that the company’s mid-term guidance remains intact, which Bernstein SocGen views as a positive indicator.
Bernstein SocGen maintains a positive outlook on Amrize and considers the current weakness in the stock price as "a good opportunity to buy into this quality stock."
In other recent news, Amrize Ltd has been the focus of several analyst reports and a new partnership. RBC Capital recently adjusted its price target for Amrize to $54.00 from $61.00, maintaining an Outperform rating but expressing concerns over the company’s communication with investors. Meanwhile, JPMorgan initiated coverage with an Overweight rating and a $57.00 price target, citing growth prospects in its Building Materials and Building Envelope segments. Bernstein also started coverage with an Outperform rating and a $62.00 price target, emphasizing Amrize’s strong market position and pricing power. Goldman Sachs joined the coverage with a Neutral rating and a $57.00 price target, noting Amrize’s leading position in the cement and roofing markets.
Additionally, Amrize has partnered with Meta (NASDAQ:META) to develop an AI-optimized concrete mix for data centers, aiming to reduce the carbon footprint by 35%. This collaboration involved The Grainger College of Engineering at the University of Illinois Urbana-Champaign, which contributed data for the AI model. These developments reflect Amrize’s ongoing strategic initiatives and market positioning.
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