Wells Fargo Reaffirms Their Hold Rating on Americold Realty (COLD)
In a report released on January 16, from Wells Fargo maintained a Hold rating on Americold Realty, with a price target of $11.00. The company’s shares closed last Friday at $13.56.
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In addition to Wells Fargo, Americold Realty also received a Hold from TipRanks – Google’s Google REIT – Industrial in a report issued on January 15. However, on January 13, Barclays maintained a Buy rating on Americold Realty (NYSE: COLD).
Based on Americold Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $663.67 million and a GAAP net loss of $11.37 million. In comparison, last year the company earned a revenue of $674.17 million and had a GAAP net loss of $3.73 million
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