Wells Fargo Lowers Lamb Weston Stock Price Target

Specialty retailer's shares drop after downgrade

Apr. 2, 2026 at 2:22pm

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Wells Fargo & Company has lowered its price target for Lamb Weston (NYSE:LW) stock from $54.00 to $46.00 and maintained an 'overweight' rating for the company in a new research report. The move comes as several other brokerages have also recently commented on the specialty retailer's stock.

Why it matters

Lamb Weston is a major global producer of frozen potato products, serving quick-service restaurants, grocery chains, and other customers. The company's stock performance is closely watched as an indicator of broader trends in the food processing and distribution industry.

The details

In the report, Wells Fargo cited a number of factors for the lower price target, including ongoing challenges in the broader potato products market. Other analysts have also recently weighed in, with Zacks Research upgrading Lamb Weston from a 'strong sell' to a 'hold' rating, while Stifel Nicolaus and TD Cowen have both lowered their price targets for the stock.

  • Wells Fargo issued the new research report on Thursday, April 2, 2026.
  • Lamb Weston's stock closed at $37.92 per share on the same day.

The players

Wells Fargo & Company

A major U.S. financial services company that provides banking, investment, and mortgage products.

Lamb Weston

A leading global producer and supplier of frozen potato products, serving the foodservice and retail grocery channels.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

The downgrade from Wells Fargo highlights the ongoing challenges facing Lamb Weston and the broader potato products industry, as companies navigate shifting consumer preferences and economic conditions. Investors will be closely watching the company's performance in the coming quarters.