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Fly News Breaks for December 4, 2015
AVP
Dec 4, 2015 | 15:56 EDT
Citi analyst Wendy Nicholson raised Avon's price target to $6 to represent a 20% premium to the market multiple given recent news Barington Capital has acquired a 3%+ stake in the company. Nicholson believes there could be increased sense of urgency by the board to stabilize and then accelerate profitable growth. Citi rates shares a Buy.
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