Lamb Weston price target lowered to $50 from $63 at Stifel

Stifel lowered the firm’s price target on Lamb Weston (LW) to $50 from $63 and keeps a Hold rating on the shares. The company’s fiscal Q2 brought a stronger volume performance in North America and EBITDA ahead of expectations, but a worsening price/mix drag and significant reduction in International profitability contributed to a share selloff, the analyst tells investors in a research note.