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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LW:
- CVS upgraded, FedEx downgraded: Wall Street’s top analyst calls
- Lamb Weston initiated with a Market Perform at Bernstein
- Lamb Weston (NYSE:LW) & Others Named in Price-Fixing Lawsuit Over Potato Products
- Jana adds Lamb Weston during Q3, exits BlackLine
- Lamb Weston price target raised to $80 from $65 at Stifel