Lineage price target lowered to $104 from $105 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Lineage to $104 from $105 and keeps a Buy rating on the shares following the cmopany’s dividend announcement. The initial dividend was higher than anticipated, which flows through to future years while shifting estimates downward slightly due to less free cash flow and more interest expense assumption, though this is partially offset by lower assumed growth of the dividend in future years, the analyst tells investors in a research note.