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Fly News Breaks for March 21, 2018
CVGW
Mar 21, 2018 | 07:34 EDT
Stephens analyst Farha Aslam raised her price target on Calavo Growers to $100 from $100 and reiterated her Overweight rating, saying that Calavo remains her top pick in the food industry. . In a research note to investors, Aslam said she expects sales and earnings growth to accelerate, adding that Calavo Foods volume and margins are benefiting from the new 2oz. cup capacity. She believes the potential consolidation of Fresh Realm into Calavo's results could be a key positive catalyst for the stock due to the increased visibility into Calavo's fastest growth business.
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