Americold Realty Trust price target lowered to $19 from $25 at RBC Capital

RBC Capital analyst Michael Carroll lowered the firm’s price target on Americold Realty Trust (COLD) to $19 from $25 and keeps an Outperform rating on the shares. The company continues to navigate an uncertain fundamental backdrop, and as a result, management cut its guidance for a second time this year to reflect an even more conservative stance, the analyst tells investors in a research note. RBC adds however that the earnings trend for the REIT is de-risked, at least in the near-term.