Samir Khanal, an analyst from Bank of America Securities, maintained the Buy rating on Americold Realty. The associated price target remains the same with $14.00.
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Samir Khanal has given his Buy rating due to a combination of factors tied to Americold Realty’s leadership, valuation, and strategic plan. He views the appointment of Chris Papa as CFO as a constructive development, emphasizing Papa’s extensive background in real estate and prior senior roles at multiple listed REITs. Khanal believes this leadership change indicates a deliberate shift toward a more REIT-focused operating approach and expects Papa’s established relationships within the REIT investment community to benefit Americold’s market positioning.
Khanal also underpins his Buy recommendation with Americold’s reaffirmed 2025 AFFO per share outlook, which is essentially in line with his and the Street’s expectations, suggesting earnings visibility remains intact. He notes that the stock trades at a discount on an AFFO multiple basis relative to a key peer, which in his view points to attractive relative valuation. In addition, he is constructive on management’s 2026 priorities, particularly initiatives to streamline costs, reduce leverage, and extract value through portfolio optimization and selective asset actions. Taken together, the leadership upgrade, confirmed guidance, compelling valuation, and clearly articulated strategic priorities support his continued Buy rating and $14 price objective.
In another report released on January 22, KeyBanc also reiterated a Buy rating on the stock with a $0.00 price target.