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Lamb Weston (NYSE:LW) Raised to Hold at Zacks Research
Zacks Research upgraded Lamb Weston (NYSE:LW) from “strong sell” to “hold” despite several analysts cutting price targets, maintaining a consensus “Hold” rating with an average target of $53.00. The company’s Q4 results slightly exceeded expectations, with EPS of $0.69 and revenue of $1.62 billion. Insider and institutional investments show confidence, as an insider bought 50,000 shares and major funds significantly increased their positions, with institutions now owning almost 90% of the stock.