Lamb Weston price target lowered to $69 from $87 at Barclays

Barclays lowered the firm’s price target on Lamb Weston (LW) to $69 from $87 and keeps an Overweight rating on the shares. The firm says it is “loathe to be sellers” with the stock down 20% post earnings. There is now even greater probability for strategic change at Lamb in light of recent news around activist involvement and potential takeout speculation, the analyst tells investors in a research note.