Americold Realty Trust Upgraded by JPMorgan Chase & Co. to Neutral Rating
Americold Realty Trust (NYSE:COLD) has received an upgrade from JPMorgan Chase & Co. to a 'neutral' rating, up from 'underweight'. The firm now has a $16.00 price target on the stock, which suggests a potential upside of 11.54% from its previous close.
This is not the first time Americold Realty Trust has received an upgrade; UBS Group also raised their price target on shares to $16.00 and gave the company a 'neutral' rating in July. Wells Fargo & Company lifted their target price to $15.00 and gave the stock an 'equal weight' rating in June, while Piper Sandler increased their target price to $17.00 and gave the company a 'neutral' rating in July.
Despite these upgrades, Americold Realty Trust currently has a consensus rating of 'hold' among analysts, with 10 holding a hold rating, four recommending buying it, and two advising against it.