TD Cowen analyst Robert Moskow maintains $Lamb Weston (LW.US)$ with a hold rating, and adjusts the target price from $67 to $79.
According to TipRanks data, the analyst has a success rate of 52.3% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lamb Weston (LW.US)$'s main analysts recently are as follows:
The disclosure of a significant investment stake in Lamb Weston by an activist investor is expected to exert additional pressure on the company's management, especially considering the share value's notable decline before the announcement. Despite this, it's considered rather doubtful that major branded companies would express considerable interest. Lamb Weston's significant exposure to the foodservice sector and the consequential volatility in results, influenced by overarching economic trends and the annual quality of potato harvests, distinguishes it from more established, stable 'center store' packaged food manufacturers.
Following the disclosure of an activist investor acquiring a 5% stake in Lamb Weston and their intent to engage in dialogue with the company's board regarding potential strategic alternatives, it is observed that this development could instill a heightened sense of urgency within the company to enhance its operational performance.
Note:
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