Stifel analyst Matthew E. Smith reiterated a Buy rating on Lamb Weston Holdings Inc (NYSE: LW) with an unchanged price target of $115.
Yesterday, the company provided long-term financial targets, reiterated the FY24 outlook, and boosted share repurchase authorization.
Long-term growth targets include low-to-mid single-digit revenue growth, including balanced volume and price/mix contributions, high-single-digit EPS growth, and EBITDA growth of mid-to-high single digits each on an organic basis, noted the analyst.
Industry volumes are expected to grow 2% to 4% through 2027, and industry capacity additions are ...