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Fly News Breaks for November 24, 2015
AVP
Nov 24, 2015 | 06:24 EDT
Citi analyst Wendy Nicholson upgraded Avon Products to Buy after visiting the company's operations in Brazil. The stock's risk/reward looks favorable ahead of Avon's investor day on January 21, Nicholson tells investors in a research note. Management is likely to offer plans to fund reinvestment in the business to reaccelerate more profitable growth, the analyst contends. She raised her price target for shares to $5 from $3.50.
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