Lifeway Foods initiated with a Buy at Lake Street

Lake Street initiated coverage of Lifeway Foods with a Buy rating and $25 price target. Lifeway Foods Lifeway Foods is a category defining consumer packaged goods company in the dairy aisle, with a dominant position in its flagship kefir product which realized a financial step change in 2023, the analyst tells investors in a research note. Despite its success, it remains a relative unknown, and Lake Street expects as its performance proves to be durable in 2024 and beyond that momentum in the stock can continue.