Analyst Robert Moskow from TD Cowen maintained a Hold rating on Lamb Weston Holdings and keeping the price target at $58.00.
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Robert Moskow has given his Hold rating due to a combination of factors impacting Lamb Weston Holdings. The company’s recent financial results and future outlook suggest stabilization in EBITDA declines, with potential for improved performance as industry conditions evolve. However, despite a recent stock rally, further gains are unlikely until there is a clearer indication of positive EBITDA growth.
Management’s efforts to enhance business execution and investor confidence, including price adjustments and cost-cutting measures, have been noted. Yet, challenges remain, such as ongoing pricing pressures and capacity utilization concerns, particularly in North America. These factors contribute to a cautious outlook, justifying the Hold rating as the company navigates these uncertainties.
Moskow covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Conagra Brands, and PepsiCo. According to TipRanks, Moskow has an average return of 1.8% and a 46.27% success rate on recommended stocks.
In another report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $61.00 price target.