Lineage, Inc. (LINE) Receives a Sell from Bank of America Securities
In a report released today, Jeffrey Spector from Bank of America Securities reiterated a Sell rating on Lineage, Inc., with a price target of $34.00.
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According to TipRanks, Spector is a 3-star analyst with an average return of 4.0% and a 53.27% success rate. Spector covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Ventas, and Rexford Industrial Realty.
In addition to Bank of America Securities, Lineage, Inc. also received a Sell from J.P. Morgan’s Michael Mueller in a report issued on November 14. However, on November 12, Scotiabank maintained a Hold rating on Lineage, Inc. (NASDAQ: LINE).
Based on Lineage, Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.38 billion and a GAAP net loss of $100 million. In comparison, last year the company earned a revenue of $1.34 billion and had a GAAP net loss of $485 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LINE in relation to earlier this year. Earlier this month, Kevin Patrick Marchetti, the Co-Executive Chairman of LINE bought 14,500.00 shares for a total of $488,940.00.
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