Stifel raised the firm’s price target on Lamb Weston to $130 from $115 and keeps a Buy rating on the shares after the company reported Q2 results that highlighted sequential volume improvement. While EBITDA and gross margin were below the firm’s estimates due to an atypical write-off of excess potatoes, on an underlying basis excluding the write-off, gross margin expansion and EBITDA “were well above our estimates,” the analyst tells investors.
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