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Fly News Breaks for May 7, 2019
LW
May 7, 2019 | 06:08 EDT
As previously reported, BofA/Merrill upgraded Lamb Watso to Buy from Neutral and maintained a $85 price target. Analyst Bryan Spillane said shares have under-performed since November and do not reflect better-than-average food industry peer growth. Spillane expects strong demand and tight supply to continue in 2020, reducing investor concerns about potential margin compression.
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