Scotiabank lowered the firm’s price target on Americold Realty Trust (COLD) to $27 from $31 and keeps an Outperform rating on the shares. The firm lowered its consumer-led operations recovery expectations in 2025 following Q3 results and recent meetings with management teams, the analyst tells investors. While the business remains well-positioned to generate earnings growth, the firm now expects the recovery to begin in 2026.
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