Lineage price target lowered to $76 from $94 at Scotiabank

Scotiabank analyst Greg McGinniss lowered the firm’s price target on Lineage (LINE) to $76 from $94 and keeps an Outperform rating on the shares. The firm lowered its consumer-led operations recovery expectations in 2025 following Q3 results and recent meetings with management teams, the analyst tells investors. While the business remains well-positioned to generate earnings growth, the firm now expects the recovery to begin in 2026.