Lineage, Inc. (NASDAQ:LINE) shares are trading higher today after multiple firms initiated coverage on the stock with bullish ratings. JPMorgan analyst Michael W. Mueller initiated coverage on the stock with an Overweight rating and a price target of $93. The analyst writes that currently Lineage’s cold storage business faces challenges, with expected flattish 2024 same-store NOI growth due to throughput and occupancy issues. However, improved trends are anticipated for 2025/2026. The company is heavily investing in technology to drive long-term growth and remains highly acquisitive, with its …
