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

Bank of America Securities analyst Peter Galbo reiterated a Hold rating on Lamb Weston Holdings today and set a price target of $49.00.

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Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, McCormick & Company, and Procter & Gamble. According to TipRanks, Galbo has an average return of -0.4% and a 46.03% success rate on recommended stocks.

In addition to Bank of America Securities, Lamb Weston Holdings also received a Hold from TipRanks – OpenAI’s OpenAI Packaged Foods in a report issued today. However, on the same day, TipRanks – PerPlexity upgraded Lamb Weston Holdings (NYSE: LW) to a Buy.

Based on Lamb Weston Holdings’ latest earnings release for the quarter ending November 23, the company reported a quarterly revenue of $1.62 billion and a net profit of $62.1 million. In comparison, last year the company earned a revenue of $1.6 billion and had a GAAP net loss of $36.1 million

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LW in relation to earlier this year.