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Fly News Breaks for June 3, 2016
AVP
Jun 3, 2016 | 05:49 EDT
Jefferies analyst Trevor Young started Avon Products with a Buy rating and $7 price target. Avon is in the early stages of its three-year transformation and selling the North American business to Cerberus alleviates cash worries, Young tells investors in a research note. He believes the company's remaining international business is poised for greater growth.
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