By: Benzinga
UPDATE: Bank of America Upgrades Avon Products to Buy on Risk/Reward
Bank of America raised its rating on Avon Products (NYSE: AVP ) from Neutral to Buy and increased its price objective from $18 to $20. Bank of America noted, "Four factors suggest the worst may be over: (1) the recent amendment to credit facility covenants, (2) the Q4 kickoff
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