Benchmark Starts Lifeway Foods (LWAY) at Buy

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

The analyst comments: "A category dominating, on-trend CPG company for health-conscious consumers, Lifeway Foods represents a high growth investment opportunity which we believe remains overlooked – if not unknown - by the institutional community. Recent challenges with major shareholders appear to be tempering which should provide a greater focus on the value proposition of LWAY’s fundamentals. Behind its dominant market share of an on-trend, high growth category, continued mid-teen revenue growth and margin expansion support material alpha from current levels, in our view. Initiate at Buy with a $35 PT."

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 $22.75 yesterday.

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