Morgan Stanley Lowers EPS For Avon Products On Weakening Fundamentals

In a report published Friday, Morgan Stanley analyst Dara Mohsenian reiterated an Equal-Weight rating on Avon Products AVP. In the report, Morgan Stanley noted, “We remain Equal-weight AVP. We expect sales growth to remain weak given a difficult macro/competitive environment, particularly in EM's, as well as still spotty execution. We worry a topline re-acceleration will require substantial re-investment.” Avon Products closed on Friday at $14.60.