Morgan Stanley Begins Coverage on Lineage (NASDAQ:LINE)

Morgan Stanley assumed coverage on shares of Lineage (NASDAQ:LINE) in a report published on Monday, Marketbeat.com reports. The brokerage issued an overweight rating and a $100.00 price target on the stock.

A number of other brokerages have also commented on LINE. Truist Financial assumed coverage on Lineage in a research note on Monday. They issued a buy rating and a $94.00 price target for the company. UBS Group assumed coverage on Lineage in a research report on Monday. They set a neutral rating and a $88.00 price objective for the company. Evercore ISI assumed coverage on Lineage in a research report on Monday. They set an inline rating and a $88.00 price objective for the company. Wells Fargo & Company assumed coverage on Lineage in a research report on Monday. They set an equal weight rating and a $86.00 price objective for the company. Finally, Scotiabank assumed coverage on Lineage in a research report on Monday. They set a sector outperform rating and a $95.00 price objective for the company. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $93.60.

Lineage Price Performance

Shares of LINE stock opened at $84.42 on Monday. Lineage has a 52 week low of $80.15 and a 52 week high of $89.85.

Insider Buying and Selling at Lineage

In related news, CFO Robert Crisci acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $78.00 per share, with a total value of $780,000.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Robert Crisci acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The shares were purchased at an average cost of $78.00 per share, with a total value of $780,000.00. Following the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nancy Joy Falotico acquired 1,300 shares of the stock in a transaction dated Friday, July 26th. The shares were bought at an average cost of $78.00 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director now owns 2,452 shares in the company, valued at $191,256. The disclosure for this purchase can be found here. Insiders bought a total of 12,150 shares of company stock worth $947,700 in the last three months. 1.40% of the stock is currently owned by company insiders.

About Lineage

Our purpose is to transform the global food supply chain to eliminate waste and help feed the world. Built with the vision of creating a more sustainable future, we are a leading mission-critical, temperature-controlled infrastructure provider for the storage, handling and movement of food around the world.