Lineage initiated with a Hold at Deutsche Bank

Deutsche Bank initiated coverage of Lineage with a Hold rating and $90 price target. The firm says temperature-controlled warehousing is a sector “ripe for investment” to build a differentiated and defensible business over the long term. The firm believes Lineage has a competitive advantage that no one other player can match in the cold storage space given its size. It cites the stock’s “rich valuation” for the Hold rating.