Roth Capital analyst Gerry Sweeney views Mission Produce’s (AVO) acquisition of Calavo Growers (CVGW) as “highly positive.” The deal should drive greater scale and utilization of the company’s distribution assets, the analyst tells investors in a research note. Roth says Mission’s technology and services around operational relationships can allow for greater market share through Calavo’s customer base. It has a Buy rating on Mission Produce with a $17 price target.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVO:
- Midday Fly By: TSMC reports Q4 beat, Goldman Sachs raises dividend
- Mission Produce deal for Calavo Growers ‘strategically sound,’ says Lake Street
- Mission Produce to Acquire Calavo Growers in Merger Deal
- M&A News: Calavo Growers Stock (CVGW) Soars on $430M Acquisition by Mission Produce
- Mission Produce to acquire Calavo Growers for $27.00 per share in cash, stock