Americold Realty Trust price target lowered to $30 from $33 at RBC Capital

RBC Capital analyst Michael Carroll lowered the firm’s price target on Americold Realty Trust (COLD) to $30 from $33 and keeps an Outperform rating on the shares after its Q3 FFO miss. The REIT continues to navigate a difficult near-term operating environment as its customers will likely remain thoughtful on how they manage their supply chains, the analyst tells investors in a research note. RBC adds however that it remains “encouraged” by the management’s success expanding its service margins.