Lineage downgraded to Sector Weight from Overweight at KeyBanc

KeyBanc analyst Todd Thomas downgraded Lineage (LINE) to Sector Weight from Overweight without a price target Given a challenging operating environment stemming from softer demand and elevated levels of new supply, the Cold Storage REITs remain out of favor and the outlook for conditions to stabilize remains uncertain, the analyst tells investors in a research note. Sentiment toward the cold storage space is overly negative, the firm says, and while there may be further downside if an earnings recovery does not materialize in the near-term, KeyBanc sees potential for meaningful upside once the outlook for revenue growth improves.