Lineage price target lowered to $74 from $81 at RBC Capital

RBC Capital analyst Michael Carroll lowered the firm’s price target on Lineage (LINE) to $74 from $81 and keeps an Outperform rating on the shares. The firm is updating its model after the company’s Q4 earnings beat last month and notes that Lineage is well positioned in the current environment, adding that it is encouraged that linOSwill help drive strong growth when it is rolled, the analyst tells investors in a research note. RBC adds however that its reduced price targe tis due to lower near-term organic growth and investments pace.