FINWIRES · TerminalLIVE
FINWIRES

Research Alert: CFRA Reiterates Buy Opinion On Shares Of Amrize Ag

By

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $7 to $64, on an EV/EBITDA of 12.3x our 2026 EBITDA estimate, a discount to the peer average of 12.4x. Our 2026 EPS view is kept at $2.75, though we trim our 2027 EPS view by $0.02 to $3.15. Amrize reported mixed Q1 2026 results, as Building Materials strength was offset by Building Envelope weakness. The strong volume growth in cement and aggregates reflects underlying demand strength from data centers and commercial construction that management expects to sustain throughout the year. However, the Building Envelope segment's weak performance due to soft demand, pricing pressure, and operational disruptions highlights near-term execution risk around the aggressive pricing actions implemented in April and announced for May-June. We think reaffirmed 2026 guidance is attainable but requires volumes to hold steady in the Building Materials segment following price increases, while the Building Envelope must successfully pass through cost inflation.

Related Articles

Treasury

US Treasury Closing Levels

3:00 Monday vs 3:00 Friday2yr 99-19 vs 99-24; 3.962% vs 3.884%5yr 99-00+ vs 99-12; 4.093% vs 4.018%10yr 97-14+ vs 98-00; 4.447% vs 4.375%30yr 95-23+ vs 96-22; 5.026% vs 4.963%2/10 48.280 bps vs 48.906 bps5/30 93.109 bps vs 94.299 bps

Australia

Market Chatter: Carlyle Arranges Financing to Seed Next Flagship Buyout Fund

Carlyle (CG) has arranged a first-of-its-kind financing that will seed its next flagship buyout fund while repaying investors in some of its older funds, Bloomberg reported Monday, citing people with knowledge of the matter.The credit deal will total about $8.5 billion, and half of it will be composed of bank debt with the balance in preferred equity and common equity, the report said.Additionally, Carlyle will take a significant minority holding in the common equity with cash from its balance sheet and partners, the people said, according to the news outlet.Carlyle did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $50.11, Change: $+0.67, Percent Change: +1.36%

$CG
Oil & Energy

US Biofuels Update: Soybean Futures Hit 6-Week High, Soybean Oil Surges

Biofuels feedstock futures closed higher on Monday, with soybeans surging to a six-week high due to a frost threat to emerging Midwest crops this week and higher crude oil prices amid increased tensions in the Middle East.The Chicago Board of Trade July soybean futures contract closed 1.58% higher at $12.22 per bushel, while the CBOT July soybean oil futures contract settled 1.90% higher at 76.59 cents per pound.On Thursday, the June ethanol futures contract on the Nymex ended 1.73% higher at $2.06 per gallon.Rhett Montgomery, DTN analyst, said the soybean market led the way, as traders had plenty of fundamental factors to trade on."The soybean market was bullish on Monday on a few factors such as positive energy influence, optimism ahead of President Trump's visit to China, and possibly weather risk as well with below average temperatures expected through this week across the US grain belt," the analyst said in a daily note.On the conflict in the Middle East, Montgomery said, "... US and Iran were reportedly in contact through the weekend but remain far apart on the details of any potential deal," Montgomery said.Meanwhile, the US Department of Agriculture on Monday reported that soybean inspections totaled 16.5 million bushels for the week ending April 30.Total inspections for 2025-26 are now at 1.222 billion bushels, down 24% from the previous year. USDA is estimating soybean exports to total 1.540 bb in 2025-26, down 18% from the previous year.Soybean inspections are running behind USDA's estimated pace, even as USDA's estimate of soybean ending stocks is 20% above the previous five-year average.