5 Undervalued Defensive Stocks for 2026

2. Lamb Weston Holdings, Inc. (NYSE:LW)

Lamb Weston Holdings, Inc. (NYSE:LW) is one of the best undervalued defensive stocks for 2026. BofA cut the price target on Lamb Weston Holdings, Inc. (NYSE:LW) to $49 from $53 on March 13, reiterating a Neutral rating on the shares. The firm told investors that the company is likely to experience increased earnings pressure in the second half as compared to the first half, as well as competitive challenges that are likely to pressure the balance of the year. It further told investors in a research note that these trends hold especially true as Lamb Weston Holdings, Inc. (NYSE:LW) competes against the export markets of China and India.

In a separate development, Lamb Weston Holdings, Inc. (NYSE:LW) announced on March 4 that it will release financial results for fiscal Q3 2026 on April 1, with the news release issued at around 8:30 a.m. ET, and followed by a conference call at 10:00 a.m. ET. The company reported in its fiscal Q2 2026 results that net sales rose $17.2 million to $1.618 billion compared to the prior year period, and included a favorable foreign currency impact of $24.4 million.

Lamb Weston Holdings, Inc. (NYSE:LW) is involved in the production, distribution, and marketing of value-added frozen potato products. The company’s operations are divided into the North America and International segments.