Analysts at RBC Capital lowered their earnings estimates and price target on Americold Realty Trust (NYSE:COLD) to $36 from $38 to reflect the increased risk that the omicron outbreak will further disrupt the food production recovery and push back the cold storage recovery by another 1-2 quarters. The analysts now expect economic occupancy to continue to decline on a year-on-year basis in the first half of 2022 before stabilizing during the second half, and do not expect occupancy will trend back to pre-COVID levels until 2023.