Wells Fargo Maintains Overweight on Lamb Weston Hldgs, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Marc Torrente maintains an Overweight rating on Lamb Weston Holdings (LW) but lowers the price target from $128 to $98.

April 05, 2024 | 1:21 pm
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Wells Fargo maintains an Overweight rating on Lamb Weston Holdings but reduces the price target from $128 to $98.
The reduction in price target by Wells Fargo, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors. This adjustment reflects a change in the bank's valuation assessment of Lamb Weston Holdings, potentially due to revised earnings expectations or market conditions. Such a significant decrease in the price target might be interpreted by the market as a sign of decreased future performance expectations, thus likely causing a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100