Zacks Investment Research calls Lamb Weston Holdings Inc. its “Bull of the Day” for today, February 9, 2023.
Writing in an editorial article, Zacks author Benjamin Rains says, “Today we dig into a stock that has not only surged in 2023 alongside much of the market, but also posted a fantastic 2022. Lamb Weston Holdings, Inc. runs a straightforward frozen potatoes business that’s booming and should do well if the U.S. economy keeps humming or slips into a recession.”
Rains go on to say that “Lamb Weston, which spun off from ConAgra Foods, Inc. (CAG) in the fall of 2016, is one of the largest suppliers of frozen potatoes in the world, selling a nearly endless array of potato-based offerings.
“It is far from a flashy business, but Lamb Weston plays a crucial role in providing one of the most popular food items out there right now and for years to come. The company also has tons of pricing power, which we will see shortly.”
Source: Zacks Investment Research. Read the full story and watch a video here
Photo: Credit Lamb Weston
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