Lifeway Foods (LWAY) Reiterated at Buy by Benchmark as 'Fundamentals Remain Exceptional'

Benchmark analyst Ben Klieve reiterated a Buy rating and $35.00 price target on Lifeway Foods (NASDAQ: LWAY).

The analyst commented, "While Lifeway’s fundamentals remain exceptional via volume driven growth for its probiotic-rich, high protein flagship kefir offering, it has been several years since the value proposition is as clean as it is today following the exit of Danone from its cap structure. The 20-month (or 27 years, depending on perspective) saga is now over, with Lifeway coming out decidedly on top. With this overhang gone, we believe Lifeway’s fundamentals can finally be the story, and we believe that story has clear visibility of continued growth which is not captured in the current valuation."

For an analyst ratings summary and ratings history on Lifeway Foods click here. For more ratings news on Lifeway Foods click here.

Shares of Lifeway Foods closed at $25.07 yesterday.

You May Also Be Interested In

• Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
• Movano (MOVE) Misses Q2 EPS by 195c
• Aurora Spine settles patent dispute, secures $600K insider loan