Barclays analyst Andrew Lazar maintains $Lamb Weston (LW.US)$ with a buy rating, and maintains the target price at $87.
According to TipRanks data, the analyst has a success rate of 59.2% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lamb Weston (LW.US)$'s main analysts recently are as follows:
There is an increase in pressure on Lamb Weston management as shares have fallen significantly since the start of the year. This sentiment follows the disclosure of a notable investment by an activist investor, which also brings speculation about the company's potential exploration of a sale. It's considered somewhat improbable that there would be considerable interest from any major branded firms. Lamb Weston has substantial exposure to the foodservice sector and typically experiences more variability in its financial performance compared to established packaged food producers, due to the significant influence of both broader economic trends and the variability in the annual potato crop.
Following the disclosure of an activist investor acquiring a 5% stake, there is anticipation of potential discussions regarding strategic alternatives with the company's board. This development is perceived positively, as it may at least intensify the company's commitment to enhancing its performance.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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