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Fly News Breaks for June 7, 2019
CVGW
Jun 7, 2019 | 09:19 EDT
Lake Street analyst Chris Krueger raised his price target for Calavo Growers to $104 from $94 following the company's "strong" Q2 results. The avocado industry remains volatile with potential tariffs in Mexico driving up prices in recent weeks, but Calavo has demonstrated its expertise to manage through a volatile pricing environment, Krueger tells investors in a research note. He believes consumer demand for avocado and other healthy products remains strong, which will help the company pass on higher pricing.
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