Calavo Growers (CVGW +2.7%) holds on to gains after Wedbush initiated the shares with an...

|About: Calavo Growers, Inc. (CVGW)|By:, SA News Editor

Calavo 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.