After Mission Produce (AVO) announced a definitive agreement to acquire Calavo Growers (CVGW) for $27 per share in cash-and-stock, Lake Street analyst Ben Klieve said the “strategically sound” transaction expands Mission’s scale in North American avocados while accelerating diversification into higher-growth, value-added prepared foods. The firm reiterates a Buy rating and $18 price target on Mission shares.
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