Americold Realty, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Michael Mueller from J.P. Morgan maintained a Sell rating on the stock and has a $15.00 price target.
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Michael Mueller has given his Sell rating due to a combination of factors impacting Americold Realty’s financial outlook. The company’s recent performance has lagged behind expectations, and there is concern that future estimates, particularly for 2026, may be overly optimistic. This skepticism is fueled by discussions with management, which highlighted potential challenges in economic occupancy improvements and weaker pricing trends.
Mueller’s analysis also points to the operational challenges inherent in the cold storage business, which could lead to continued volatility in financial forecasts. Additionally, the anticipated burn-off of capitalized interest in 2026 could further strain financial performance. These factors, combined with the stock’s current valuation metrics, which are lower than those of the broader REIT universe, underpin the decision to downgrade the stock from Neutral to Underweight.