Lineage price target lowered to $63 from $74 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Lineage (LINE) to $63 from $74 and keeps a Buy rating on the shares after its Q1 results. The company’s internal growth – occupancy and pricing – came in below expectations, the analyst tells investors in a research note. The extent of the seasonal volatility was not well understood, and the incremental disclosure could give investors more confidence in the potential for same-store net operating acceleration that is assumed in guidance for the second half of the year, the firm adds.