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Deutsche Bank has raised its price target for Lamb Weston Holdings, Inc. to $62 from $57 while maintaining a hold rating. Lamb Weston is a leading global producer and distributor of value-added frozen potato products, serving restaurants and retailers worldwide with a diverse portfolio that includes classic and sweet potato fries, appetizers, and various other food items.
Deutsche Bank has lowered its price target for Lamb Weston Holdings, Inc. to $57 from $63 while maintaining a hold rating. The company is a leading global producer and distributor of value-added frozen potato products, serving restaurants and retailers worldwide with a diverse product portfolio that includes various types of fries and appetizers.
Markets are bracing for a prolonged period of high interest rates following the Federal Reserve's recent policy decision, which raised forecasts for inflation and GDP growth while signaling caution on future cuts. The dollar surged, impacting emerging markets and tech stocks, with Micron Technology shares plummeting after disappointing earnings. Meanwhile, global central banks, including the Bank of England and Brazil's central bank, are navigating their own monetary challenges amid rising inflation and economic pressures.
Processed food stocks plummeted as investors reacted to President-elect Trump’s nomination of Robert F. Kennedy Jr. for Health and Human Services Secretary, raising concerns over increased scrutiny of major food brands. PepsiCo, Coca-Cola, General Mills, and others saw significant declines, with Kennedy's focus on reforming the FDA and his criticism of current regulations fueling fears of tighter oversight on popular snack and beverage products.
Activist investor Jana Partners, alongside Continental Grain, is engaging with Lamb Weston to address financial performance, capital spending, and corporate governance, aiming to place five nominees on the board. The firm plans to enhance operational efficiency and align management incentives with shareholder value, potentially leading to a new CEO. A strategic review may also consider a sale, with Post Holdings as a possible acquirer, given its strong market performance since Lamb Weston’s spin-off.
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Deutsche Bank raises Lamb Weston price target while maintaining hold rating
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Deutsche Bank lowers price target for Lamb Weston Holdings to 57 dollars
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