Lamb Weston price target raised to $128 from $115 at BofA

BofA raised the firm’s price target on Lamb Weston to $128 from $115 and keeps a Buy rating on the shares after the company reported Q3 adjusted EPS "well above" the Street consensus and updated its FY23 outlook. The firm raised its Q4 and FY23 adjusted EPS estimates to $0.98 and $4.44 from $0.91 and $3.90, respectively, and also raised its FY24 and FY25 estimates following the report.