Jefferies Has Update On Consumer Products Sector (AVP)

Jefferies & Co. is out with a research report on the consumer products sector, and in the report it covers Avon Products, Inc. (NYSE: AVP).

In a note to clients, Jefferies writes, "Commentary and Analysis this week shows that gross margin expansion continued for our B2B companies in the latest quarter,
though at a slower rate than recent quarters given higher input costs and a more competitive pricing environment. Further, with several companies conveying caution on inputs going forward, we might expect additional pressure on the strong trends we have seen of late."

Shares of Avon gained 65 cents on Friday, to close at $29.61.

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