Bank of America Initiates Coverage on Lineage (NASDAQ:LINE)

Equities researchers at Bank of America began coverage on shares of Lineage (NASDAQ:LINE) in a research note issued to investors on Monday, Benzinga reports. The brokerage set a “buy” rating and a $100.00 price target on the stock. Bank of America‘s price target would indicate a potential upside of 15.85% from the company’s previous close.

A number of other research firms have also recently issued reports on LINE. Deutsche Bank Aktiengesellschaft began coverage on Lineage in a research note on Monday. They issued a “hold” rating and a $90.00 target price for the company. UBS Group initiated coverage on Lineage in a report on Monday. They issued a “neutral” rating and a $88.00 price target on the stock. Morgan Stanley initiated coverage on Lineage in a report on Monday. They issued an “overweight” rating and a $100.00 price target on the stock. Truist Financial initiated coverage on Lineage in a report on Monday. They issued a “buy” rating and a $94.00 price target on the stock. Finally, Robert W. Baird initiated coverage on Lineage in a report on Monday. They issued an “outperform” rating and a $91.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company 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

In other Lineage news, insider Jeffrey Alvarez Rivera bought 600 shares of the business’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $78.00 per share, for a total transaction of $46,800.00. Following the completion of the purchase, the insider now directly 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 at this link. In related news, CFO Robert Crisci bought 10,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average cost of $78.00 per share, with a total value of $780,000.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Alvarez Rivera purchased 600 shares of the firm’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 acquisition, the insider now owns 5,406 shares in the company, valued at approximately $421,668. The disclosure for this purchase can be found here. Insiders have purchased 12,150 shares of company stock valued at $947,700 over the last 90 days. 1.40% of the stock is owned by corporate 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.