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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LW:
- Lamb Weston raises FY24 adjusted EPS view to $5.70-$6.15 from $5.50-$5.95
- Lamb Weston reports Q2 EPS $1.45, consensus $1.41
- Options Volatility and Implied Earnings Moves Today, January 04, 2024
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, January 03 – January 05, 2024
