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Oppenheimer Asset Management boosts Lamb Weston stake by 38.2%, despite stock's "Hold" rating.
Oppenheimer Asset Management Inc. increased its stake in Lamb Weston by 38.2%, acquiring 3,292 more shares, worth $635,000.
Lamb Weston, a frozen potato product company, reported a strong first quarter with a net margin of 5.74% and a return on equity of 27.25%, surpassing earnings expectations.
Despite these positive results, the stock has a "Hold" rating with a price target of $67.73.
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Oppenheimer Asset Management aumenta su participación en Lamb Weston en un 38,2%, a pesar de la calificación de "Hold" de las acciones.