Baird lowered the firm’s price target on Lineage (LINE) to $51 from $64 and keeps an Outperform rating on the shares. The firm updated its model following Q2 results and believes its platform value is not reflected in the shares but near-term catalysts are lacking.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LINE:
- Arm initiated, Adobe downgraded: Wall Street’s top analyst calls
- BofA downgrades Lineage to Underperform on weak demand, lack of visibility
- Lineage downgraded to Underperform from Neutral at BofA
- Lineage, Inc. Balances Growth and Challenges in Latest Earnings Call
- Lineage price target lowered to $55 from $60 at Piper Sandler