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Fly News Breaks for March 2, 2020
CVGW
Mar 2, 2020 | 06:13 EDT
Stephens analyst Ben Bienvenu downgraded Calavo Growers to Equal Weight from Overweight with a price target of $65, down from $100. The company on Friday night disclosed that John Lindeman, CFO, and James Snyder, Controller and CAO, resigned this past week, Bienvenu tells investors in a research note. The announcements come as a "major surprise," adds the analyst. Bienvenu downgrades the shares until he can gain comfort with the management changes.
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