NEW YORK (TheStreet) -- Avon Products  (AVP - Get Report)  stock price target was increased to $8 from $7 at Deutsche Bank on Thursday morning. 

The firm reiterated its "buy" rating on the New York City-based beauty product retailer, saying Avon is the "only stock" in Deutsche Bank's coverage that could double in the next two years.

However, Deutsche Bank added that Avon needs to update its systems, improve field execution and optimize pricing in order to get back on track.

"With strategic plans underway to address the aforementioned, we continue to believe that as currency goes, so does the margin and cash flow and assuming we are in EM stabilization mode, the path to double digit margins, low to mid single digit organic growth (even with share losses) and cash flow recovery is clearer," the firm continued in an analyst note.

Additionally, the company reported second quarter earnings and revenue that were above analysts expectations on Tuesday. The company reported earnings of 7 cents per share on revenues of $1.42 billion.

Shares of Avon were slipping in late afternoon trading on Thursday.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate AVON PRODUCTS as a Sell with a ratings score of D. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: AVP

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