Baird R W Upgrades Lineage (NASDAQ:LINE) to “Strong-Buy”

Lineage (NASDAQ:LINE) was upgraded by equities research analysts at Baird R W to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.

Several other research analysts also recently commented on LINE. Robert W. Baird began coverage on shares of Lineage in a research report on Monday. They set an “outperform” rating and a $91.00 price objective for the company. Mizuho began coverage on shares of Lineage in a research note on Monday. They set a “neutral” rating and a $86.00 target price on the stock. Bank of America began coverage on shares of Lineage in a research note on Monday. They set a “buy” rating and a $100.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Lineage in a research note on Monday. They issued an “overweight” rating and a $93.00 price objective on the stock. Finally, Evercore ISI began coverage on shares of Lineage in a research note on Monday. They issued an “inline” rating and a $88.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lineage presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.60.

Lineage Price Performance

NASDAQ LINE opened at $86.32 on Monday. Lineage has a 1-year low of $80.15 and a 1-year high of $89.85.

Insider Buying and Selling at Lineage

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

About Lineage

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.