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Stifel Nicolaus Upgrades Avon to a “Buy” (AVP)
Stifel Nicolaus upgraded beauty and household product company, Avon Products, Inc. (AVP
) to a “Buy” on Thursday.
The firm has raised its rating for Avon from “Hold” to “Buy,” and has given the company a $26 price target. This price target suggests a 21% increase from the stock’s current price of $20.45.
Analysts have upgraded the stock based on its ability to continue to leverage sales growth.
Avon shares were up 28 cents, or 1.39% during Thursday morning trading. The stock has increased 8% in the past year.
The Bottom Line
Shares of Avon Products, Inc. (AVP) have a 1.17% yield, based on Thursday morning’s price of $20.47.
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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