Avon Products Downgraded to “Sell” at UBS; Sees 23% Downside (AVP)

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Women's products maker Avon Products, Inc. ( AVP ) on Monday received some bullish commentary from analysts at UBS.

The firm said it downgraded AVP from "Neutral" to "Sell" with a $13 price target, suggesting a 23% downside to the stock's Friday closing price of $16.95. UBS noted it remains cautious on the name after its recent sell-off and ongoing Coty takeover saga .

Shares of Avon Products fell 55 cents, or -3.2%, in premarket trading Monday.

The Bottom Line
Shares of Avon Products ( AVP ) have a 5.43% dividend yield, based on Friday's closing stock price of $16.95. The stock has technical support in the $14-$16 price area. If the shares can firm up, we see overhead resistance around the $18-$20 price levels.

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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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