Deutsche Bank Maintains Buy on Avon Products (AVP)

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Deutsche Bank today maintained a Buy rating on Avon Products (NYSE: AVP) and raised its price target to $27.00 (from $26.00).

Analyst Greg Poole said, "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."

For an analyst ratings summary and ratings history on Avon Products click here. For more ratings news on Avon Products click here.

Shares of Avon Products closed at $20.39 yesterday, with a 52 week range of $13.70-$23.58.

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