JPMorgan downgraded Americold Realty Trust (COLD) to Underweight from Neutral with a price target of $15, down from $17. While the shares have already lagged this year, 2026 consensus estimates “could be far too high,” the analyst tells investors in a research note. The firm believes the resetting of estimates could continue to be a headwind for the stock. JPMorgan again reduced estimates for Americold after speaking to management.
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