Amrize cut by RBC after second-quarter miss and lower guidance

RBC Capital Markets lowered its rating on Amrize after the company reported second-quarter results below expectations and cut its guidance for the year. Amrize was created in 2025 when Holcim spun off its North American business as a separately listed company. Its results are closely tied to U.S. construction activity, including residential building and infrastructure spending. The downgrade reflects the combination of the earnings shortfall and the reduced outlook rather than a change in the analyst's view of the company's long-term positioning.