Lamb Weston price target lowered to $75 from $80 at Jefferies

Jefferies lowered the firm’s price target on Lamb Weston (LW) to $75 from $80 and keeps a Buy rating on the shares. Lamb Weston beat a low fiscal Q3 bar and held FY25 guidance, which was “much needed after four straight quarters of cuts,” the analyst says. However, management also spoke to soft quick-service restaurant traffic, price investment, additional international industry capacity, and inflationary input costs ex-potatoes, the analyst added. The company’s takeout potential is “attractive at current valuation,” the analyst contends.