From Yahoo Finance: 2025-05-28 13:33:00

Truist Securities lowered the price target for Americold Realty Trust, Inc. (NYSE:COLD) to $24 from $27 with a Buy rating due to poor market performance. The stock is down 22% year-to-date following disappointing Q1 results. Revenue dropped 5.4% to $629 million, leading to a net loss of $16.5 million.

Despite the setbacks, Truist maintained a Buy rating on Americold Realty Trust, optimistic about growth initiatives. The company acquired a facility in Houston for $127 million, expanding its cold storage portfolio by 35,700 pallet positions. Dividends were increased by 5%, showing strong cash flow, but the AFFO estimate for 2025 was revised down to $1.42.

Americold Realty Trust operates temperature-controlled warehouses serving the cold food supply chain. While it shows potential, some believe other AI stocks offer higher returns. Looking for AI stocks with 100x upside potential? Check out the report on the cheapest AI stock for promising investments.



Read more at Yahoo Finance: Americold Realty Trust Price Target Cut at Trust Securities on Disappointing Q1