10-Yr Yield Closes on YTD Low Amid Flight to Safety

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Analyst Comments on Movement in Avon (AVP) CDS Spreads

January 24, 2014 11:40 AM EST

Deutsche Bank maintained a Buy rating on Avon Products (NYSE: AVP) with a price target of $25.00. Analyst Bill Schmitz Jr said action in CDS spreads indicates further pressure ahead for Avon.

"Avon's 5 year CDS spreads have widened considerably year to date, with spreads up almost 40% from December 3, 2013 level... More