Lineage downgraded to Neutral from Buy at BofA

BofA downgraded Lineage (LINE) to Neutral from Buy with a price target of $49, down from $70. The firm cites continued revenue growth challenges and lag in results versus occupancy estimates, as well as cautiousness around occupancy growth. Producers are pausing supply chain investments, delaying major decisions on expansions, plant locations and transportation sourcing due to macro uncertainties created by tariffs, the analyst tells investors.