Lamb Weston price target lowered to $49 from $53 at BofA

BofA lowered the firm’s price target on Lamb Weston (LW) to $49 from $53 and keeps a Neutral rating on the shares. Lamb Weston will likely experience heavier earnings pressure in the second half than in the first and competitive challenges will likely pressure the balance of the year, particularly as Lamb competes against India and China export markets, the analyst tells investors.