Lineage Inc (LINE) PT Lowered to $81 at RBC Capital

RBC Capital analyst Michael Carroll lowered the price target on Lineage Inc (NASDAQ: LINE) to $81.00 (from $94.00) while maintaining a Outperform rating.

The analyst comments "We are updating our outlook and estimates post the 3Q24 earnings results. LINE 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. Therefore, we are reducing our estimates and lowering our price target to $81/share to mainly reflect lower organic growth outlook. Our Outperform rating reflects our belief that LINE’s platform and tech rollout will drive solid AFFO growth over time."

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