Barclays lowered the firm’s price target on Americold Realty Trust to $32 from $33 and keeps an Equal Weight rating on the shares. The analyst updated estimates after Americold’s “solid” Q3 results and recent data points. Recent USDA data suggests trough occupancy decline may have been in Q3 and the company expects increased throughput on the back of food manufacturer promotions to increase volume into year-end, the analyst tells investors in a research note.
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