TD Cowen lowered the firm’s price target on Lamb Weston to $105 from $132 and keeps a Buy rating on the shares. The firm said despite the bad news on the earnings call which included ERP disruption, customer losses, and weakening foodservice demand, they do not see any reason to abandon their positive thesis on the long-term attractiveness of the frozen potato industry.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LW:
- 3 Best Stocks to Buy Now, 4/8/2024, According to Top Analysts
- Lamb Weston price target lowered to $113 from $138 at BofA
- Lamb Weston price target lowered to $115 from $130 at Stifel
- Lamb Weston price target lowered to $98 from $128 at Wells Fargo
- LW Earnings: Lamb Weston Stock Drops on Q3 Miss, Lowers Outlook
