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Morgan Stanley Lowers EPS For Avon Products On Weakening Fundamentals

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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.

Posted-In: Dara Mohsenian Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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