In a significant series of updates,
Lamb Weston Holdings Inc (LW) has been traversing through a rough path; with a dip in Q2 earnings and a trimmed outlook. LW's fiscal Q2 revealed missed estimates, leading to a drop in stock values by 13%. There's a hit from
high manufacturing costs and lower volumes, leading LW to anticipate challenging conditions till 2026. To counterbalance the effects, Lamb Weston
increases quarterly dividend and approves a $250 million share repurchase increase. Lamb Weston has a new leader, Michael J. Smith, as the new CEO, amidst pressure from investors and a swoop in management. The pressure is heightened by the encouragement of investors to investigate securities by Bronstein, Gewirtz & Grossman, LLC. LW stock had underperformed compared to its competitors multiple times in the week, and its target price was lowered to $67 from $83, albeit it posted large volumes of put options. This series of events has led to investors questioning the decision of continued investments in LW, though some view, LW as undervalued and have increased their holdings.
Lamb Weston Holdings LW News Analytics from Wed, 07 Aug 2024 07:00:00 GMT to Sat, 21 Dec 2024 12:06:02 GMT -
Rating -7
- Innovation -3
- Information 5
- Rumor -4
