Lineage falls after J.P. Morgan cuts PT

Lineage

23/09/2025 18:48

** Shares of  cold storage real estate investment trust Lineage LINE.O fall nearly 2% to about $39.54, after J.P. Morgan cuts PT to $43 from $44

** Brokerage expects weak demand and limited pricing power to last longer than previously expected

** Says cold storage business remains operationally intensive, making forecasts volatile in near term

** Lineage was 2024's largest IPO, but shares have fallen 49.3% since debut at $82 per share

** Seven of 19 brokerages rate the stock "buy" or higher, Nine "hold" and three "sell"; their median PT is $50 - according to data compiled by LSEG

** Including session's moves, shares down about 32% YTD

 (Reporting by Sanskriti Shekhar)

 ((Sanskriti.Shekhar@thomsonreuters.com))