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Americold Realty Trust downgraded to Hold from Buy at Truist
The Fly

Americold Realty Trust downgraded to Hold from Buy at Truist

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

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