Lamb Weston initiated with a Hold at Deutsche Bank

Deutsche Bank initiated coverage of Lamb Weston (LW) with a Hold rating and $81 price target Over the past year, Lamb has faced “repeated, self-inflicted setbacks” to its operations, supply chain, and general execution on top of weakening end-market demand, resulting in substantial charges and guidance cuts, the analyst tells investors in a research note. The firm, however, does not believe the business is broken, and says management should re-focus efforts back to its reputed strengths: superior product quality and customer service.