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Fly News Breaks for October 21, 2016
AVP
Oct 21, 2016 | 14:41 EDT
Citi analyst Wendy Nicholson raised her price target for Avon Products to $8 saying the shares are now more "investable." Debt refinancing has allayed bankruptcy concerns while an investment by Cerberus has boosted confidence in management, Nicholson tells investors in a research note. The analyst keeps a Buy rating on the shares.
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