Lamb Weston Holdings (LW) Receives a Buy from Wells Fargo

In a report released yesterday, Christopher Carey from Wells Fargo maintained a Buy rating on Lamb Weston Holdings (LW – Research Report), with a price target of $98.00. The company’s shares closed yesterday at $79.86.

Carey covers the Consumer Defensive sector, focusing on stocks such as Keurig Dr Pepper, General Mills, and Clorox. According to TipRanks, Carey has an average return of 5.2% and a 52.24% success rate on recommended stocks.

Currently, the analyst consensus on Lamb Weston Holdings is a Strong Buy with an average price target of $109.38, implying a 36.96% upside from current levels. In a report released on April 8, Barclays also assigned a Buy rating to the stock with a $105.00 price target.

The company has a one-year high of $116.29 and a one-year low of $77.41. Currently, Lamb Weston Holdings has an average volume of 2.15M.

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Lamb Weston Holdings (LW) Company Description:

Lamb Weston Holdings, Inc. engages in the production, distribution, and marketing of value-added frozen potato products. It operates through the following business segments: Global, Foodservice, Retail, and Other. The Global segment includes branded and private label frozen potato products sold in North America and international markets. The Foodservice segment comprises branded and private label frozen potato products sold throughout the United States and Canada. The Retail segment consists consumer facing retail branded and private label frozen potato products sold primarily to grocery, mass merchants, club, and specialty retailers. The Other segment compose of vegetable and dairy businesses. The company was founded on July 5, 2016 and is headquartered in Eagle, ID.