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Truist Financial Sticks to Its Buy Rating for Americold Realty (COLD)

Tipranks - Tipranks - Wed Mar 11, 6:42AM CDT

Truist Financial analyst Michael Lewis maintained a Buy rating on Americold Realty today and set a price target of $16.00.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 8.6% and a 61.52% success rate. Lewis covers the Real Estate sector, focusing on stocks such as Camden Property, Lineage, Inc., and AvalonBay.

In addition to Truist Financial, Americold Realty also received a Buy from Barclays’s Brendan Lynch in a report issued on February 20. However, on February 27, TipRanks – Anthropic reiterated a Hold rating on Americold Realty (NYSE: COLD).

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Based on Americold Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $658.45 million and a GAAP net loss of $88.34 million. In comparison, last year the company earned a revenue of $666.44 million and had a GAAP net loss of $36.22 million

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