Lineage price target lowered to $77 from $89 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Lineage (LINE) to $77 from $89 but keeps a Buy rating on the shares. The firm cites the recent WSJ report that the company is reducing labor costs in FY25, adding however that while it believes the market’s initial takeaway that the business is slow and fewer employees are needed, it also sees a scenario where Lineage is reducing headcount because they have the technology in place to be more efficient, the analyst tells investors in a research note.