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Fly News Breaks for November 5, 2015
AVP
Nov 5, 2015 | 06:07 EDT
UBS analyst Stephen Powers downgraded Avon Products to Sell saying the company's Q3 results underscore the need for "significant" change and reinvestment. He cut his price target for shares to $2.50 from $5.50. The new target reflects reduced organic growth, more reinvestments and a dividend cut, Powers tells investors in a post-earnings research note.
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