Barclays analyst Anthony Powell upgraded Americold Realty Trust to Equal Weight from Underweight with a price target of $32, up from $30. The analyst expects the company’s occupancy to continue to improve as food producers increase fill rates. In addition, looser labor markets should lead to better margins and Americold has a strong balance sheet with no near-term maturities, the analyst tells investors in a research note.
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- Americold Realty Trust price target raised to $30 from $28 at Barclays