BNP Paribas Exane earlier today downgraded Lineage (LINE) to Underperform from Neutral with a price target of $42, down from $53, and downgraded Americold Realty Trust (COLD) to Neutral from Outperform with a price target of $18, down from $22. The firm’s concerns “stem from structural headwinds,” including a declining rate of population growth and the increased use of weight loss drugs. Cold storage supply also remains elevated and will impact the ability to push price, the analyst tells investors in a research note. BNP prefers traditional industrial real estate versus cold storage.
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Read More on LINE:
- Lineage price target lowered to $49 from $64 at Citi
- Lineage downgraded to Underperform from Neutral at BNP Paribas Exane
- Lineage, Inc. Prices $500 Million Notes Offering
- Lineage, Inc. Announces Private Offering of Senior Notes
- Positive Outlook for Lineage, Inc. with Stable Financial Projections and Growth Potential
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