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Wells Fargo Reaffirms Their Buy Rating on Lamb Weston Holdings (LW)

Tipranks - Tipranks - Wed Jan 14, 5:52AM CST

Wells Fargo analyst Marc Torrente maintained a Buy rating on Lamb Weston Holdings today and set a price target of $54.00.

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According to TipRanks, Torrente is an analyst with an average return of -19.7% and a 19.51% success rate. Torrente covers the Consumer Defensive sector, focusing on stocks such as MGP Ingredients, Post Holdings, and Freshpet.

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.

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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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