Shares of Lineage (LINE) plummeted 5.01% in Tuesday's intraday trading session following a significant downgrade from Bank of America (BofA). The stock's sharp decline comes as investors react to BofA's decision to lower its rating on Lineage from Buy to Neutral, coupled with a substantial cut in the price target.

BofA analysts revised their outlook on Lineage, reducing the price target from $70 to $49, citing "continued revenue growth challenges" as the primary reason for the downgrade. This represents a 30% reduction in the expected valuation, signaling growing concerns about the company's near-term prospects.

Despite the downgrade, it's worth noting that the overall sentiment on Lineage remains cautiously optimistic. According to analysts polled by FactSet, the stock maintains an average rating of "overweight" with a mean price target of $64.17. However, today's sharp sell-off suggests that investors are giving significant weight to BofA's more pessimistic view, at least in the short term.