Americold Realty ( (COLD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Americold Realty’s stock took a hit following a downgrade by Scotiabank analyst Greg McGinniss, who shifted the rating from Outperform to Sector Perform. This change was driven by the company’s recent financial disclosures, including a reduction in its FY25 AFFO guidance. The revised guidance, now set at $1.42-$1.52, down from $1.51-$1.59, reflects Americold’s attempt to navigate growth amidst existing challenges. While some analysts still find value in the stock due to its strategic pricing power and attractive valuation, the short-term outlook has prompted a more cautious approach from investors.
More about Americold Realty
YTD Price Performance: -15.26%
Average Trading Volume: 2,983,618
Technical Sentiment Signal: Sell
Current Market Cap: $5.04B
For further insights into COLD stock on TipRanks’ Stock Analysis page.
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