Jefferies Starts Lamb Weston (LW) at Buy

November 17, 2016 6:59 AM EST
Get Alerts LW Hot Sheet
Price: $36.64 -0.68%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Jefferies initiates coverage on Lamb Weston (NYSE: LW) with a Buy rating and a price target of $41.00.

Analyst Akshay Jagdale commented, "We are initiating coverage of Lamb Weston Holdings, Inc. (NYSE: LW) with a Buy rating and $41 price target. The company is a leader in the ~$13B global frozen potato market with the #1 share in the US (42%) and #2 share globally (23%). Unique and favorable category growth and competitive dynamics should contribute to best-in-class growth for frozen potato manufacturers."

For an analyst ratings summary and ratings history on Lamb Weston click here. For more ratings news on Lamb Weston click here.

Shares of Lamb Weston closed at $31.70 yesterday.

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