Citi analyst Thomas Palmer initiated coverage of Lamb Weston with a Buy rating and $132 price target. The analyst looks for continued gross margin expansion, aided by the company’s pricing actions, mix tailwinds, and lapping discrete items. Citi thinks Lamb Weston’s volumes will inflect higher, aided by new customer wins and capacity additions, driving higher multiples for the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LW:
- Lamb Weston price target raised to $128 from $120 at Wells Fargo
- Lamb Weston price target raised to $130 from $115 at Stifel
- Lamb Weston price target raised to $132 from $125 at TD Cowen
- Early notable gainers among liquid option names on January 4th
- Lamb Weston raises FY24 adjusted EPS view to $5.70-$6.15 from $5.50-$5.95