As previously reported, Evercore ISI upgraded Americold Realty Trust to Outperform from In Line with a price target of $18, up from $17. Both Americold and the broader cold storage sector have faced meaningful headwinds over the past several years, but the positive USDA data trends observed year-to-date continue to support the view that fundamentals are stabilizing and inventory destocking has largely reached a trough, the analyst tells investors.
