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Bank of America Securities Reaffirms Their Hold Rating on Lamb Weston Holdings (LW)

Tipranks - Sat Jan 10, 4:32AM CST

Bank of America Securities analyst Peter Galbo maintained a Hold rating on Lamb Weston Holdings yesterday and set a price target of $53.00. The company’s shares closed yesterday at $41.30.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Tyson Foods, Coca-Cola, and McCormick & Company. According to TipRanks, Galbo has an average return of -1.4% and a 44.05% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lamb Weston Holdings with a $54.44 average price target, representing a 31.82% upside. In a report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $42.00 price target.

Based on Lamb Weston Holdings’ latest earnings release for the quarter ending August 24, the company reported a quarterly revenue of $1.66 billion and a net profit of $64.3 million. In comparison, last year the company earned a revenue of $1.65 billion and had a net profit of $127.4 million

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