Lamb Weston Stock Plummets, Analysts Cut Targets

Lamb Weston stock plummeted further this week, following analyst downgrades, as Barclays and Bernstein slashed their price targets, and Bank of America Securities joined the cuts. Despite beating Wall Street estimates in Q2, managements guidance for flat revenue and a drop in key earnings measure raised concerns. The stock has lost nearly 38% of its value since the start of the year, and long-term holders have seen their investments decrease by over 50%. With analysts lowering targets, investors question if this quality frozen potato giant offers a smart entry point amidst the volatility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.