JPM starts Amrize with 'overweight', expects boost from aggregates

** J.P.Morgan initiates coverage of Swiss building solutions company Amrize AMRZ with "overweight"

** The stock is up 1.7% at 0833 GMT

** The broker says Amrize is "uniquely positioned" to deliver sustainable EBITDA growth, driven by aggregates pricing, organic growth in its Building Envelope business and higher margins

** The aggregates business may open many "expansion avenues", as its U.S. presence provides a stable environment for volume performance, JPM adds

** With a proven acquisitions track record, JPM sees Amrize's strong free cash flow conversion rate as "firepower" for further deals in new segments

** Out of eight analysts that cover Amrize, six rate it "buy" or "strong buy" and two rate it "hold" - LSEG data