Lineage soft growth outweighs Tyson win, says Truist

Truist says Lineage’s (LINE) weaker than expected Q1 results and withdrawn fiscal year same-store net operating income outlook is weighed against a major acquisition and development deal with Tyson Foods (TSN). The firm believes the softer internal growth metrics likely matter more for the shares and peer Americold Realty Trust (COLD) than the major new business win at Tyson. Truist has a Buy rating on Lineage.