Avon Products added to short-term buy list at Deutsche Bank Deutsche Bank believes Avon is close to resolving the foreign corrupt practices investigations and that management has been focused on eliminating costs and exiting unprofitable geographies.
Citi defends recent downgrade of Avon Products Citigroup says that following investor pushback, it is defending its September 8 downgrade of Avon Products to Neutral. The firm says it is comfortable with below consensus estimates given the recent strengthening of the U.S. dollar relative to several currencies. Citi adds that it has less confidence in Avon's turnaround following the departure of CFO Ross. It keeps a Neutral rating on the stock with a $15 price target.