Lineage initiated with a Buy at Truist

Truist initiated coverage of Lineage with a Buy rating and $94 price target. Lineage is a $27B EV global industry leader in the temperature-controlled warehouse business that supports critical infrastructure in the refrigerated food delivery network, the analyst tells investors in a research note. Lineage has already established itself as a leader in this sector, and Truist anticipates the company’s competitive moat and market position to further solidify over time.