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Lineage falls after J.P. Morgan cuts PT

ReutersSep 23, 2025 5:48 PM

Shares of cold storage real estate investment trust Lineage LINE.O fall nearly 2% to about $39.54, after J.P. Morgan cuts PT to $43 from $44

Brokerage expects weak demand and limited pricing power to last longer than previously expected

Says cold storage business remains operationally intensive, making forecasts volatile in near term

Lineage was 2024's largest IPO, but shares have fallen 49.3% since debut at $82 per share

Seven of 19 brokerages rate the stock "buy" or higher, Nine "hold" and three "sell"; their median PT is $50 - according to data compiled by LSEG

Including session's moves, shares down about 32% YTD

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