Lineage Inc (LINE) PT Lowered to $74 at RBC Capital, Reflecting Lowered Estimates

RBC Capital analyst Michael Carroll lowered the price target on Lineage Inc (NASDAQ: LINE) to $74.00 (from $81.00) while maintaining an Outperform rating.

The analyst commented: "We are updating our outlook post 4Q24 results. We believe LINE is well positioned in the current environment, and are encouraged linOS will help drive strong growth when it is rolled. Management noted the linOS pilots are exceeding its efficiency expectations, and could potentially begin quantify the benefit towards the end of 2025. That said, we are lowering our estimates (due to lower near-term organic growth / investments pace) and our target to $74/sh (from $81). Our Outperform rating is unchanged."

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