Amcor stock falls after Raymond James reiterates Market Perform rating
Investing.com - Baird has lowered its price target on Americold Realty Trust (NYSE:COLD) to $19.00 from $23.00 while maintaining an Outperform rating on the stock. The temperature-controlled warehouse operator, currently trading at $14.68, has seen its shares decline over 31% year-to-date, according to InvestingPro data.
The firm cited persistent industry challenges and updated its outlook to reflect stable but muted conditions through 2027 for the temperature-controlled warehouse operator.
Baird noted that for investors with longer-term horizons, the current entry point for Americold stock appears favorable even in the current challenged demand environment.
The research firm expects Americold to deliver positive AFFO (Adjusted Funds From Operations) growth in both 2026 and 2027, despite limited improvement in fundamentals.
Baird indicated that out-year earnings expectations for Americold need to reset, and the company’s second-quarter messaging should help expedite that process.
In other recent news, Americold Realty Trust reported its second-quarter earnings for 2025, revealing a significant miss on earnings per share (EPS). The company posted an EPS of $0.01, which was notably below the expected $0.07, resulting in an 85.71% negative surprise. However, revenue slightly exceeded expectations, reaching $650.7 million compared to the forecasted $644.88 million. Additionally, Americold celebrated the opening of a new $100+ million import-export hub in Kansas City, Missouri, in partnership with Canadian Pacific (NYSE:CP) Kansas City. This 335,000-square-foot facility is Americold’s first on the CPKC rail network and will serve as a key hub for refrigerated goods between the U.S. and Mexico. In another development, Raymond (NSE:RYMD) James lowered its price target for Americold Realty Trust to $22.00 from $25.00, citing near-term occupancy challenges due to weak end-consumer demand. Despite these challenges, Raymond James maintained an Outperform rating and expressed a positive long-term outlook for the company. These recent developments provide a glimpse into the current state and future expectations for Americold Realty Trust.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.