Lamb Weston price target raised to $130 from $125 at Jefferies

Jefferies raised the firm’s price target on Lamb Weston to $130 from $125 and keeps a Buy rating on the shares. Strong Q1 results and upped guidance implies 25%-plus EBITDA growth this year at the midpoint, says the analyst, who finds the valuation “overly discounted” given what the firm calls “a historically high and improved margin structure.”