Lifeway Foods downgraded to Hold from Buy at Freedom Broker

Freedom Broker analyst Balzhan Tleuzhanova downgraded Lifeway Foods (LWAY) to Hold from Buy with an unchanged price target of $34. While Lifeway Foods reported a “strong start” to FY26, the firm notes that after the quarter, Danone USA Public Benefit Corporation announced a secondary underwritten public offering of 3.45M Lifeway shares at $19.50 per share. The firm believes the discounted block sale “may create near-term technical pressure on the stock despite continued strong underlying operating performance.”