Lineage (NASDAQ:LINE) Coverage Initiated at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Lineage (NASDAQ:LINE) in a report issued on Monday, Marketbeat reports. The brokerage set an “equal weight” rating and a $86.00 price target on the stock. Wells Fargo & Company‘s price target points to a potential downside of 0.37% from the stock’s current price.

LINE has been the subject of a number of other reports. Truist Financial started coverage on shares of Lineage in a research note on Monday. They set a “buy” rating and a $94.00 target price for the company. UBS Group began coverage on Lineage in a report on Monday. They issued a “neutral” rating and a $88.00 target price on the stock. Evercore ISI began coverage on Lineage in a research note on Monday. They set an “inline” rating and a $88.00 price target for the company. Finally, Scotiabank initiated coverage on shares of Lineage in a research report on Monday. They set a “sector outperform” rating and a $95.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.60.

Lineage Stock Performance

LINE opened at $86.32 on Monday. Lineage has a twelve month low of $80.15 and a twelve month high of $89.85.

Insider Transactions at Lineage

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

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.