Lineage initiated with an In Line at Evercore ISI

Evercore ISI initiated coverage of Lineage with an In Line rating and $88 price target. While Evercore likes the critical nature of Lineage’s real estate footprint and importance in the global supply chain of temperature controlled food, the stock’s outperformance since its IPO leaves the firm a bit more cautious on valuation in the near-term, the analyst tells investors in a research note.