Goldman Sachs analyst Caitlin Burrows maintains $Lineage (LINE.US)$ with a buy rating, and adjusts the target price from $104 to $89.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lineage (LINE.US)$'s main analysts recently are as follows:
Following Lineage's Q3 results, it was noted that the company's net operating income aligned with expectations amid subdued demand. The near-term growth in same-store operating income revenue might be restrained, yet the firm's capability to sustain occupancy, adjust pricing in accordance with inflation, and enhance efficiency as well as manage expenses paves the way for significantly greater normalized growth in the coming years.
Following Lineage's Q3 results, the observation was made that the company is facing a more subdued operating environment in the near future. Although there is an expectation that customers may be maintaining excessively lean supply chains, it remains uncertain as to when their approach will shift. The revised valuation now accounts for a tempered expectation regarding organic growth.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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