Calavo Growers price target lowered to $35 from $40 at Lake Street

Lake Street lowered the firm’s price target on Calavo Growers (CVGW) to $35 from $40 and keeps a Buy rating on the shares after Q4 results “disappointed.” While Calavo showed some improvement and exits FY24 in “an exceptional position post-RFG,” insufficient operational improvement prevented the earnings step change the firm had expected, the analyst tells investors.