Lineage price target lowered to $51 from $64 at RBC Capital

RBC Capital lowered the firm’s price target on Lineage (LINE) to $51 from $64 and keeps an Outperform rating on the shares. The company continues to navigate a challenged, uncertain fundamental backdrop that should increase earnings volatility in the near term, the analyst tells investors in a research note. RBC adds that it is taking a much more conservative stance and noticeably reducing its earnings estimates. The next stock catalyst could be if the Fed cuts interest rates in September, but any operational catalysts for Lineage are more difficult to identify, the firm added.