Americold Realty Trust downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Americold Realty Trust (COLD) to Neutral from Overweight with a price target of $21, down from $24. The firm says current industry dynamics and headwinds tied to lower throughput volumes could make it difficult for the stock to outperform. The Street continues to be more heavily focused on lower occupancies and throughput volumes and less so on the positives of the company’s development-driven external growth ramp, the analyst tells investors in a research note.