Scotiabank analyst Greg McGinniss lowered the firm’s price target on Americold Realty Trust (COLD) to $24 from $28 and keeps an Outperform rating on the shares. The firm expects Americold to generate higher AFFO per share growth than Lineage (LINE) in 2025-2027 at a discounted valuation, the analyst tells investors in a note on the U.S. cold storage group. The firm downgraded Lineage to Sector Perform, as previously reported.
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