** Shares of U.S.-listed Swiss building materials company Amrize AMRZ.N slipped more than 2% to $53 premarket

** Truist cuts rating to "hold" from "buy"; slashes price target to $48 from $65

** New PT implies an 11.1% downside from the stock's last close

** Brokerage says the company's earnings outlook is pressured by roofing margin erosion, weak cement pricing and rising competition

** Adds repeated roofing price hikes to offset input-cost inflation may take time to fully pass through to customers, likely keeping pressure on AMRZ's margins for the remaining year

** 13 of 20 brokerages rate the stock "buy" or higher, 7 "hold"; their median PT is $65 - data compiled by LSEG

** YTD, stock had risen 0.7%