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Frozen Potato Giant Faces Stock Slump
17 Dec
Summary
- Lamb Weston, a mid-cap food company, specializes in frozen potato products.
- Shares have dropped 28.1% from their 52-week high but recently rose 7.7%.
- Analysts remain moderately optimistic, rating LW stock a 'Moderate Buy'.
Lamb Weston Holdings, Inc., a mid-cap food company valued at $8.3 billion, is a significant producer and marketer of frozen potato products. The company serves various sectors, including quick-service restaurants, retailers, and foodservice institutions across domestic and international markets, offering a wide array of frozen potatoes and appetizers.
Recently, LW stock experienced a 28.1% decline from its 52-week high of $83.98. Although shares saw a 7.7% increase in the past three months, outpacing its sector, they are down 9.6% year-to-date and 23.8% over the past 52 weeks.
Despite this stock performance, analysts maintain a moderately optimistic outlook. Currently, 12 analysts cover LW stock, with a consensus rating of 'Moderate Buy' and a mean price target of $65.27, indicating a potential 8.6% increase from current levels.
