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Fly News Breaks for June 17, 2019
LW
Jun 17, 2019 | 06:40 EDT
JPMorgan analyst Thomas Palmer started Lamb Weston with a Neutral rating and $65 price target. The potato processing industry's added capacity is likely to limit Lamb's pricing power and earnings growth over the next couple of years, Palmer tells investors in a research note. However, with the stock down 16% year-to-date, this risk is largely baked in, contends the analyst.
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