BofA downgraded Lamb Weston to Neutral from Buy with a price target of $66, down from $109. The company missed fiscal Q4 earnings estimates and expects a challenged fiscal 2025 backdrop given continued softness in restaurant traffic, share pressure, a mismatch of supply/demand and the impact from a product withdrawal. The firm cites the tough macro environment and price concerns amid an oversupplied market for the downgrade.
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