Truist Securities Maintains Buy on Americold Realty Trust, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim maintains a Buy rating on Americold Realty Trust (COLD) but lowers the price target from $35 to $31.
March 11, 2024 | 3:37 pm
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Truist Securities maintains a Buy rating on Americold Realty Trust but lowers the price target from $35 to $31.
The adjustment in price target by Truist Securities reflects a recalibration of expectations for Americold Realty Trust, possibly due to market conditions or company performance. However, maintaining a Buy rating indicates a positive outlook on the company's fundamentals and growth prospects. This mixed signal could lead to short-term market uncertainty for COLD, but the maintained Buy rating suggests underlying confidence in the company's long-term value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90