Lamb Weston Holdings (LW) has had a myriad of activities in recent times. Notably, investors who invested a year ago experienced a 36% loss with
Bank of America lowering expectations for LW's stock price. Despite several negative happenings, the company has been mimicking a comeback with cost initiatives and volume recovery making gains. This algonside the initiation of a global sustainability report suggests a forward-looking perspective.Investigations by
Bronstein, Gewirtz & Grossman, LLC were underway, encouraging stockholders to participate. Some insiders sold US$6.6m of shares, raising concerns. However, LW was placed among the best packaged food stocks to invest in.
JANA Partners reported extensive support for a significant board change as part of their open letter to shareholders. LW has also faced downward revision of their price targets by BofA and BNP Paribas Exane.
Toronto Dominion Bank and Bank of New York Mellon have reduced their stakes in LW. LW management changed with the appointment of Michael J. Smith as President and CEO as well as Benjamin Heselton as CIO.
Rosen Law Firm advised shareholders with large losses to get in touch while LW stock performance remains choppy with some cases of strong earnings offset by predictions of earnings decline.
Lamb Weston Holdings LW News Analytics from Wed, 24 Jul 2024 07:00:00 GMT to Sat, 21 Jun 2025 11:22:00 GMT -
Rating -4
- Innovation 0
- Information 8
- Rumor -6
