Scotiabank lowered the firm’s price target on Americold Realty Trust (COLD) to $24 from $28 and keeps an Outperform rating on the shares. The foot traffic for Americold in Q1 served as a positive indicator for the company’s throughput to start the year, the analyst tells investors. In the U.S. Cold Storage sector, the firm prefers Americold as its defensive food-base play with greater adjusted funds from operations growth in 2025-2027.
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