RBC Capital analyst Michael Carroll lowered the firm’s price target on Lineage (LINE) to $81 from $94 and keeps an Outperform rating on the shares after its Q3 results. The company highlighted a more muted operating environment in the near-term, and while customers are likely running their supply chains too lean, it is difficult to predict when this mindset will change, the analyst tells investors in a research note. RBC adds that its new price target reflect a lower organic growth outlook.
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Read More on LINE:
- Lineage price target lowered to $90 from $102 at Piper Sandler
- Lineage price target lowered to $85 from $91 at Baird
- Lineage, Inc. Reports Landmark IPO and Q3 2024 Results
- Lineage reports Q3 AFFO 90c, consensus 80c
- Lineage sees FY24 AFFO $3.16-$3.20, consensus $3.12
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