Lamb Weston price target raised to $63 from $61 at Stifel

Stifel raised the firm’s price target on Lamb Weston (LW) to $63 from $61 and keeps a Hold rating on the shares.Lamb started FY26 with a stronger first quarter, supported by sequentially stronger volume growth in North America and gross margins above the firm’s expectations, the analyst tells investors in a post-earnings note. The firm, which believes the momentum behind Lamb Weston’s recovery is increasing, views confidence in the return of price/mix contribution to growth in North America as “the key catalyst,” the analyst added.