Wells Fargo analyst Blaine Heck initiated coverage of Americold Realty Trust with an Equal Weight rating and $24 price target. While the Cold Storage industry is poised for growth, the firm expects occupancy moderation and throughput weakness at Americold Realty Trust near term, as consumers face continued inflationary and rate-driven headwinds. Wells will look for an inflection to become more constructive.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COLD:
- Americold Realty Trust, Inc. Sets Date for First Quarter 2024 Earnings Release and Conference Call
- Americold Realty Trust initiated with a Sector Perform at Scotiabank
- Americold Realty Trust assumed with an Equal Weight at Barclays
- Americold Realty Trust price target lowered to $32 from $37 at KeyBanc
- 3 Best Stocks to Buy Now, 3/22/2024, According to Top Analysts