March 18, 2013 at 08:20 AM EDT
Deutsche Bank Increases Price Target on Avon (AVP)

Deutsche Bank reported on Monday that it has raised its price target on beauty and household product company, Avon Products, Inc. (AVP).

The firm has maintained a “Buy” rating on Avon, and has increased the company’s price target from $26 to $27. This price target suggests a 25% upside from the stock’s current price of $20.10.

Analyst Greg Poole noted, “while challenges remain, we continue to see an outsized growth, margin expansion and cash flow acceleration story emerging as company attacks bloated cost structure, emphasizes cash generation, improves systems and supply chain and reinvests in its channel and brand to stem share losses and grow at or above a still healthy direct selling category.”

Avon shares were mostly flat during premarket trading Monday. The stock has increased 6% in the past year.

The Bottom Line
Shares of Avon Products, Inc. (AVP) have a 1.19% yield, based on Friday’s closing price of $20.10.

Avon Products, Inc. (AVP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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