Lifeway Foods initiated with a Buy at Benchmark

Benchmark analyst Ben Klieve initiated coverage of Lifeway Foods (LWAY) with a Buy rating and $35 price target The firm views the company as a “high growth investment opportunity” that remains overlooked by investors. Lifeway ‘s recent challenges with major shareholders are tempering, which should provide a greater focus on the value proposition of its fundamentals, the analyst tells investors in a research note. Benchmark likes the company’s “dominant” market share in a high growth category.