Stifel lowered the firm’s price target on Lamb Weston (LW) to $63 from $68 and keeps a Hold rating on the shares after the company reported a better-than-anticipated third quarter and reiterated its FY25 outlook. The firm is “modestly raising” its EBITDA estimate, including a weaker contribution in the fourth quarter, but lowers its target price as it is incorporating a now lower FY26 EBITDA estimate.
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