Lineage price target lowered to $90 from $102 at Piper Sandler

Piper Sandler lowered the firm’s price target on Lineage (LINE) to $90 from $102 and keeps an Overweight rating on the shares. The firm sees the pre-election transaction pause giving way to a resumption of decision-making, whether leasing, capital markets, fund-raising, etc. Piper believes the direction of interest rates remains critical.