Calavo Growers price target raised to $45 from $38 at Lake Street

Lake Street analyst Ben Klieve raised the firm’s price target on Calavo Growers to $45 from $38 and keeps a Buy rating on the shares following “solid” Q3 results. A four-year high for avocado margins in the first full period reported under the return of CEO Lee Cole and the “rapid improvement of this long-challenged line item” suggests that Calavo’s earnings power “may be returning quicker than expected,” the analyst tells investors.