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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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