Lifeway Foods gains on Noble Capital upgrade

Lifeway Foods

14/11/2023 15:07

** Shares of Kefir maker Lifeway Foods  LWAY.O  rise 8.1% to
$10.14 
    ** Noble Capital upgrades stock to "outperform" from "market
perform"
    ** Revenue growth was driven by volume growth in drinkable
kefir and favorable milk prices - Noble 
    ** Co Q3 revenue beat analyst estimates - LSEG data 
    ** Market selloff in Monday's trading session was
unwarranted given strong operating performance - Noble 
    ** Stock up 69% YTD as of Monday's close 

 (Reporting by Pranav Kashyap in Bengaluru)