Barclays upgraded Americold Realty Trust (COLD) to Overweight from Equal Weight with a price target of $21, down from $26. Commentary from food producers and retailers indicates they are re-building inventory, increasing promotions to spur turnover, and increasing investments in frozen foods, the analyst tells investors in a research note. The firm acknowledges the macro and tariff risk, but says sentiment on the shares has shifted too negative, providing an attractive entry point.
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