Avon Products price target raised to $26 from $21 at Deutsche Bank Deutsche Bank raised its price target for Avon Products shares following the company's Q4 results and maintains a Buy rating on the name. The firm says Avon's turnaround is showing solid early progress.
Avon Products backs FY15 modest revenue growth, consensus $7.46B Sees an approximate 17 point negative impact on reported revenue due to foreign currency translatoin. Sees 200 basis point decline in adjusting operating margin. Sees 50 basis point decline in adjusted operating margin. The company's outlook for full-year 2015 is unchanged except for the impact of the divestiture of the Liz Earle business, which will negatively impact constant-dollar and reported revenue in the second half of 2015 by approximately 1 point.