Lineage initiated with an Overweight at Barclays

Barclays analyst Brendan Lynch initiated coverage of Lineage (LINE) with an Overweight rating and $59 price target Commentary from food producers and retailers indicates they are re-building inventory, increasing promotions to spur turnover, and increasing investments in frozen foods, the analyst tells investors in a research note. The firm acknowledges the macro and tariff risk, but says sentiment on the shares has shifted too negative, providing an attractive entry point.