By: Benzinga
UPDATE: Stifel Nicolaus Upgrades Avon Products to Buy on Favorable Risk/Reward
Stifel Nicolaus upgraded Avon Products (NYSE: AVP ) from Hold to Buy and announced a $26.00 price target. Stifel Nicolaus analyst Mark Astrachan noted, "We believe resumption of low single-digit sales growth and low double-digit operating margin is achievable and estimate the company needs to generate an approximate 12% operating
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