Lineage price target lowered to $70 from $81 at BofA

BofA analyst Joshua Dennerlein lowered the firm’s price target on Lineage (LINE) to $70 from $81 and keeps a Buy rating on the shares. For cold storage, the firm is not expecting fundamentals to improve near term and notes that its models assume occupancy trends “move sideways in 2025.” Lineage itself has said it sees occupancy moving “flattish and slightly down in the first half and up in the second half,” the analyst noted.