Lamb Weston upgraded to Buy from Hold at Stifel

Stifel analyst Matthew Smith upgraded Lamb Weston to Buy from Hold with an unchanged price target of $115. The analyst believes the stock’s current valuation does not reflect the “advantaged growth profile” of the company. The recent pullback in the shares following the fiscal Q4 earnings release is “intriguing,” with concerns over recent volume pressure and concern that margins are approaching peak levels in front of capacity additions “resolvable controversies that provide an attractive entry point for the shares,” the analyst tells investors in a research note.