Skepticism Abounds, But Management In Sticking To Its Targets (AVP)

Avon Products Inc

management appeared confident in its ability to meet the financial targets that it has in place according to Citi. In a research report Citi writes, "Avon's Relative EPS growth rate will be pretty good assuming it delivers on these targets, Avon is poised to be one of the better growth stories in the group both this year and next. After all, Avon is one of the most global of the HPC companies, and as such, should benefit from the robust growth rates in emerging markets today. We are confident today in our EPS expectations of $2.00 (+12%) for 2010 and $2.29 (+15%) for 2011. In contrast to many of the other HPC companies who are struggling to deliver double-digit EPS growth, we think Avon's relative growth rate looks pretty good." AVP shares are trading up on the day at $32.06