UPDATE: Bank of America Upgrades Avon Products to Buy on Risk/Reward
Posted on January 04, 2013 at 08:38 AM EST
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