Fly News Breaks for January 22, 2020
Jan 22, 2020 | 18:25 EDT
Jefferies analyst Rob Dickerson initiated coverage of Calavo Growers with a Hold rating and $84 price target. The analyst is positive on the company's position in the avocado market and its high-single digit revenue growth with 15% earnings growth over the past 5 years. Dickerson notes however that Calavo's "low margin structure" exposes it to potentially high volatility in earnings from relatively small swings in profitability. The analyst is also citing the threat of a more competitive backdrop in 2020.
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