Lineage downgraded to Neutral from Overweight at Piper Sandler

Piper Sandler downgraded Lineage (LINE) to Neutral from Overweight with a price target of $41, down from $55. The firm says the company’s “hoped-for” inventory build in Q3 was muted, as its domestic market still faces excess supply and tariff trade fallout. Lineage’s commentary for the balance of the year shows trade and overcapacity remain issues in the U.S., the analyst tells investors in a research note. Piper downgraded the shares and reduced earnings estimates for Lineage post the print.