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Calavo Growers (CVGW +2.7%) holds on to gains after Wedbush initiated the shares with an...
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Wednesday, April 11, 2012, 2:55 PM ETCalavo Growers (CVGW +2.7%) holds on to gains after Wedbush initiated the shares with an Outperform rating earlier today. Wedbush says the grower is market leader in the avacado industry, and has a solid distribution network to support its burgeoning fresh foods business. The stock should be trading at a 20% premium to its peers, and the firm gives it a 12-month price target of $34.
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