Lamb Weston price target raised to $107 from $90 at Stifel

Stifel analyst Christopher Growe raised the firm’s price target on Lamb Weston to $107 from $90 and keeps a Buy rating on the shares after the company reported Q2 results "well above" his expectations and issued what he calls "a substantial guidance increase across the board." He believes the strong Q2 performance and significant increase in guidance should support even further upside in the shares, Growe tells investors.