Citi analyst Nick Joseph lowered the firm’s price target on Americold Realty Trust (COLD) to $23 from $25 and keeps a Neutral rating on the shares. The firm is updating its model to reflect Q4 earnings and its 2025 AFFO per share forecast increased to $1.59 from $1.57, but it is applying a lower multiple to reflect continued softness in demand.
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Read More on COLD:
- Americold Realty Trust to acquire facility in Houston for $127M
- Americold Realty Trust price target raised to $28 from $27 at Scotiabank
- Americold Realty Trust’s Earnings Call Highlights Achievements Amid Challenges
- Americold Realty Trust Achieves Strong Growth in 2024
- Americold Realty: Buy Rating Driven by Strong Q4 Performance, Cost-Saving Measures, and Promising 2025 Outlook
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