Morgan Stanley Initiates Coverage on Lineage (NASDAQ:LINE)

Investment analysts at Morgan Stanley assumed coverage on shares of Lineage (NASDAQ:LINE) in a note issued to investors on Monday, MarketBeat reports. The firm set an “overweight” rating and a $100.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 15.85% from the company’s current price.

Other equities research analysts have also issued reports about the company. Evercore ISI initiated coverage on Lineage in a research report on Monday. They issued an “inline” rating and a $88.00 target price on the stock. Wells Fargo & Company initiated coverage on shares of Lineage in a report on Monday. They issued an “equal weight” rating and a $86.00 price objective on the stock. Scotiabank assumed coverage on shares of Lineage in a research note on Monday. They set a “sector outperform” rating and a $95.00 target price for the company. Truist Financial began coverage on shares of Lineage in a research note on Monday. They issued a “buy” rating and a $94.00 price target on the stock. Finally, UBS Group assumed coverage on Lineage in a research report on Monday. They set a “neutral” rating and a $88.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.60.

Lineage Trading Down 1.6 %

NASDAQ LINE opened at $86.32 on Monday. Lineage has a one year low of $80.15 and a one year high of $89.85.

Insider Transactions at Lineage

In related news, CFO Robert Crisci bought 10,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $78.00 per share, with a total value of $780,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $780,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey Alvarez Rivera acquired 600 shares of Lineage stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $78.00 per share, with a total value of $46,800.00. Following the completion of the purchase, the insider now owns 5,406 shares of the company’s stock, valued at $421,668. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Crisci bought 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $780,000. The disclosure for this purchase can be found here. Insiders purchased a total of 12,150 shares of company stock valued at $947,700 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Lineage Company Profile

Our purpose is to transform the global food supply chain to eliminate waste and help feed the world. Built with the vision of creating a more sustainable future, we are a leading mission-critical, temperature-controlled infrastructure provider for the storage, handling and movement of food around the world.