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April 11 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.
Comment![On the Move]
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at MarketWatch.com (Mar 2, 2011)
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at MarketWatch.com (Jun 2, 2010)
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Company Description
Calavo Growers, Inc. (Calavo, the Company, we, us or our) procures and markets avocados and other perishable commodities and prepares and distributes processed avocado products. Our expertise in marketing and distributing avocados, processed avocados, and other perishable foods allows us to... More