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

Lake Street raised the firm’s price target on Calavo Growers (CVGW) to $40 from $35 and keeps a Buy rating on the shares after Calavo reported a “modest” Q3 earnings beat. In addition, the company “critically” posted a dramatic improvement in its high margin Prepared segment and introduced FY26 segment-level guidance that exceeded the firm’s estimates by “a staggering 60%,” the analyst tells investors.