Lamb Weston Stock Drops After Downgrades

Lamb Westons stock dropped after BNP Paribas Exane and Bank of America Securities downgraded it, citing competition and lowered price targets. Despite beating Q2 earnings estimates, investors were disappointed by the companys full-year outlook, which includes flat revenue and an 11% drop in key earnings. The stock has been volatile, with a 35.1% decline since January, and a $1,000 investment five years ago would now be worth $553.80. Wall Street views the dip as significant but not a deal-breaker, leaving room for debate on whether its a buying opportunity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.