Lineage downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Michael Mueller downgraded Lineage (LINE) to Underweight from Neutral with a price target of $50, down from $55. The firm cites its preferences for other stocks within real estate investment trusts and some company-specific items tied to Lineage for the downgrade. The cold storage business is facing headwinds tied to lower throughput volumes, which have led to occupancy and pricing pressures, the analyst tells investors in a research note. JPMorgan believes that with with more muted near-term growth than anticipated a couple of quarters ago, Lineage’s 2026 adjusted funds from operations growth headwinds “have become more prominent.”