Baird downgraded Americold Realty Trust (COLD) to Neutral from Outperform with a price target of $13, down from $16. The firm cites growing downward pricing and occupancy pressure for the downgrade. It does not see the company’s valuation discount as being a catalyst to push the shares higher. With 2026 and 2027 “still looking like muddle-through years,” there are better alternatives to put fresh capital to work today, the analyst tells investors in a research note.
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