Analysts: Shares of Avon Not Expected to Drop and 3 More Research Notes to Look At
Avon Products Inc. (NYSE:AVP): After meeting with Avon’s CEO and CFO, Wells Fargo thinks that the stock currently reflects more risk from fundamentals and the Foreign Corrupt Practices Act than actually exists; the firm does not expect the stock to drop significantly in the short-term and believes that it can rebound meaningfully over the longer term. Wells keeps an Outperform rating on Avon shares.
Hillshire Brands Co. (NYSE:HSH): BMO Capital upgraded Hillshire Brands to Outperform from Market Perform due to share underperformance, expectations for lower input costs in the second half of 2014, new products, cash deployment, and Jimmy Dean/Aidells momentum. The firm raised its price target on Hillshire Brands shares to $40 from $31.
Leap Wireless International Inc. (NASDAQ:LEAP): Deutsche Bank upgraded Leap Wireless to Hold from Sell, citing a potential for improvement in the market for 700 MHz lower A block spectrum; the firm raised its price target for Leap Wireless shares to $16.40 from $15.
Advance Auto Parts Inc. (NYSE:AAP): Credit Suisse upgraded Advance Auto Parts to Outperform from Neutral in order to reflect synergies from the recently announced merger with the privately held General Parts; the analyst’s price target for Advance Auto Parts stock is $130.
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