Scotiabank analyst Greg McGinniss has adjusted the price target for Americold Realty Trust (COLD, Financial) from $28 to $24 while maintaining an Outperform rating for the company's shares. The bank anticipates that Americold will achieve stronger growth in Adjusted Funds From Operations (AFFO) per share compared to its competitor, Lineage (LINE), during the period from 2025 to 2027. This expected growth comes amidst a more attractive valuation for Americold.
Meanwhile, Scotiabank has downgraded Lineage from its previous rating of Outperform to Sector Perform, reflecting a relatively cautious stance on the company's prospects. The decision underscores the comparative advantage Americold is expected to have over its competitor in the coming years within the U.S. cold storage sector.
