Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

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Go back to Lamb Weston Reports Fiscal Third Quarter 2024 Results; Updates Fiscal Year 2024 Outlook

Lamb Weston (LW) PT Lowered to $132 at Goldman Sachs

April 5, 2024 4:50 AM EDT

Goldman Sachs analyst Adam Samuelson lowered the price target on Lamb Weston (NYSE: LW) to $132.00 (from $139.00) while maintaining a Buy rating.

The analyst comments "LW shares significantly underperformed Thursday (-19.4% vs S&P -1.2%) following FY3Q24 (Feb) results that came in well below our/consensus estimates, with a cut to forward volume... More

Lamb Weston (LW) PT Lowered to $113 at BofA Securities

April 5, 2024 4:44 AM EDT

BofA Securities analyst Peter Galbo lowered the price target on Lamb Weston (NYSE: LW) to $113.00 (from $138.00) while maintaining a Buy rating.

The analyst comments "LW 3Q24 results disappointed on 1) North America ERP rollout and 2) softer global restaurant traffic. In total, ERP cost LW ~$135mm... More

Lamb Weston (LW) PT Lowered to $115 at Stifel

April 5, 2024 4:26 AM EDT

Stifel analyst Matthew Smith lowered the price target on Lamb Weston (NYSE: LW) to $115.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "Lamb Weston reported a weaker-than-anticipated third quarter featuring more disruption from its ERP transition, softer traffic trends at restaurants, and an... More