Lamb Weston price target raised to $115 from $105 at BofA

BofA analyst Peter Galbo raised the firm’s price target on Lamb Weston to $115 from $105 and keeps a Buy rating on the shares after the company reported Q2 earnings "well above" his estimates and raised its FY23 outlook. Lamb Weston should continue to see gross margin improvement from here as pricing continues to exceed inflationary pressures, Galbo tells investors.