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Lamb Weston price target lowered to $65 from $70 at Wells Fargo

Wells Fargo lowered the firm’s price target on Lamb Weston (LW) to $65 from $70 and keeps an Overweight rating on the shares. The firm is aggregating models across Beverage/Food/HPC and updating price targets. The firm says its target price to earnings is a discount to historical trading ranges given limited near-term volume visibility.

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