JP Morgan Maintains Overweight on Lamb Weston Hldgs, Lowers Price Target to $127
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Thomas Palmer has maintained an Overweight rating on Lamb Weston Hldgs (NYSE:LW) but lowered the price target from $129 to $127.
October 06, 2023 | 2:12 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on Lamb Weston Hldgs but lowered the price target from $129 to $127.
The news is directly about Lamb Weston Hldgs. The Overweight rating indicates that JP Morgan expects the stock to outperform, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the analyst sees less upside potential than before. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100