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Americold Realty Trust upgraded to Equal Weight from Underweight at Barclays
The Fly

Americold Realty Trust upgraded to Equal Weight from Underweight at Barclays

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.

Published first on TheFly

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