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 (NYSE: 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.