Truist analyst Ki Bin Kim downgraded Americold Realty Trust to Hold from Buy with an unchanged price target of $34, citing the stock’s "very strong" outperformance in 2022. He had previously had a Buy rating due to the "significant fear-driven undervaluation" of the shares and NOI recovery, both of which are now "much more appropriately reflected in the stock price," the analyst tells investors.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on COLD:
- Americold Realty Trust, Inc. Announces 2022 Tax Treatment of Distributions
- Americold Realty Trust Inc. Sets Date for Fourth Quarter 2022 Earnings Release and Conference Call
- Americold Realty Trust initiated with an Outperform at Exane BNP Paribas
- Americold Realty Trust, Inc. Declares Fourth Quarter 2022 Dividend
- Americold Enters into Floating to Fixed Interest Rate Swaps