Mizuho raised the firm’s price target on Lineage (LINE) to $51 from $47 and keeps a Neutral rating on the shares. The firm believes Lineage consensus estimates remains too high on hopes of a recovery in the second half of the year. The analyst’s updated estimates reflect a seasonal pick-up in the second half but lower than management’s expectations. Placer.ai visit data and USDA April trends confirm the second half “remains challenged,” the analyst tells investors in a research note.
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