Wells Fargo Reduces PT on Lamb Weston Holdings, Inc. (LW) Stock

Lamb Weston Holdings, Inc. (NYSE:LW) is one of the Best Mid Cap FMCG Stocks to Buy Now. Wells Fargo reduced the target price on the company’s stock to $65 from $70, while keeping an “Overweight” rating, as reported by The Fly. The firm is aggregating models throughout Beverage/Food/HPC and updating the price targets. Notably, the firm highlighted that its target price to earnings is the discount to historical trading ranges, considering the limited near-term volume visibility.

Lamb Weston Holdings, Inc. (NYSE:LW) has engaged AlixPartners, which is a leading global business advisory firm, to help it evaluate opportunities for near- and long-term value creation and cost savings. In the in-home consumption space, Lamb Weston Holdings, Inc. (NYSE:LW) recently rolled out new private-label products throughout the grocery and club channels. Overall, the company remains focused on identifying new and growing customers to fuel long-term sustainable growth in its business.

In North America, Lamb Weston Holdings, Inc. (NYSE:LW) launched new battered and seasoned products, and fridge-friendly fries and tots, improving its addressable market. In the North America retail channel, the company has expanded its licensed brand portfolio to include Onion Rings and Cheesy Potato Bites.

Lamb Weston Holdings, Inc. (NYSE:LW) is engaged in the production, distribution, and marketing of frozen potato products.

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Disclosure: None. This article is originally published at Insider Monkey.