Lamb Weston price target raised to $54 from $46 at Wells Fargo
Wells Fargo raised the firm's price target on Lamb Weston to $54 from $46 and keeps an Overweight rating on the shares. The firm's target price to earnings is a discount to historical trading ranges given recent supply/demand pressure and limited near-term visibility. While International and mix headwinds remain an overhang, Wells remains encouraged by the North America turnaround where over 85% of segment profit resides.
Wells Fargo raised the firm's price target on Lamb Weston to $54 from $46 and keeps an Overweight rating on the shares.
The firm's target price to earnings is a discount to historical trading ranges given recent supply/demand pressure and limited near-term visibility.
While International and mix headwinds remain an overhang, Wells remains encouraged by the North America turnaround where over 85% of segment profit resides.