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Avon Products Profits and Margins to Expand, Shares to Remain Volatile
Tuesday, November 17, 2009 - 10:47amBill Schmitz Jr of Deutsche Bank maintains his “hold” rating on Avon Products Inc (NYSE: AVN). The target price for AVN has been raised from $35 to $38. The macro economic headwinds have abated and there is a reversal in the compression in forex margins. As a result, AVN’s gross and operating...
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