Lamb Weston Stock Has Attractive Entry Point Ahead Of Investor Day: Goldman Sachs
Portfolio Pulse from Priya Nigam
Goldman Sachs has upgraded Lamb Weston Holdings Inc (NYSE:LW) from Neutral to Buy, raising the price target from $125 to $127. The firm believes the recent underperformance of the stock provides an attractive entry point for investors. Lamb Weston's ongoing efforts to improve mix and recent consolidation of its EMEA JV are seen as potential drivers for margin enhancement and inorganic growth.
September 05, 2023 | 2:49 pm
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Goldman Sachs has upgraded Lamb Weston Holdings Inc (NYSE:LW) from Neutral to Buy, raising the price target from $125 to $127. The firm believes the recent underperformance of the stock provides an attractive entry point for investors.
The upgrade from Goldman Sachs, a leading investment bank, is a strong positive signal for Lamb Weston. The raised price target indicates the firm's belief in the company's potential for growth. The recent underperformance of the stock is seen as an attractive entry point, which could lead to increased demand for the stock and potentially drive up its price in the short term.
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