Lamb Weston initiated with bullish view at Wells Fargo, here’s why

Wells Fargo initiated coverage of Lamb Weston with an Overweight rating and $120 price target. The firm says Lamb is a favorite name which has lagged in part on easing volumes and fading price. However, with a volume inflection ahead, the stock’s valuation beaten down and an attractive long-term story, “it’s time for the stock to start working again,” the analyst tells investors in a research note.