Citigroup Maintains Buy on Lamb Weston Hldgs, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer has maintained a Buy rating on Lamb Weston Holdings (LW) but has lowered the price target from $132 to $106.
April 08, 2024 | 10:18 pm
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Citigroup maintains a Buy rating on Lamb Weston Holdings but lowers the price target from $132 to $106.
While the maintenance of a Buy rating suggests continued confidence in Lamb Weston Holdings' fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics, market conditions, or company-specific factors. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook could help mitigate significant negative impacts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100