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February 13, 2013
06:29 EDTAVPAvon Products price target raised to $26 from $21 at Deutsche Bank
Deutsche Bank raised its price target for Avon Products shares following the company's Q4 results and maintains a Buy rating on the name. The firm says Avon's turnaround is showing solid early progress.
News For AVP From The Last 14 Days
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October 12, 2015
14:34 EDTAVPAvon seen being left out of personal care consolidation
Consolidation in the household and personal care market looks set to continue but less-valuable Avon (AVP) could find itself on the sidelines, Canaccord analyst Eddy Hargreaves argued this morning. The research firm explained that newly-formed personal care company Edgewell (EPC) looks set to catalyze M&A activity in the space following its split from Energizer Holdings (ENR) in early July. Edgewell itself may be targeted by Unilever (UL, UN), Henkel (HENKY), or Reckitt Benckiser (RBGLY) by early 2016, but Avon could be overlooked as the personal care giants jostle for growth, said Canaccord. Though Avon is frequently called a takeover target due to its collapsed share price, Hargreaves said he struggles to find value in the direct-selling group for any of the companies in his coverage sphere, while his leveraged buyout models paint a similarly bleak picture for a potential private equity buyer. PRICE ACTION: Shares of Avon have fallen nearly 9% to $3.78 in intraday trading, seeing incremental declines throughout the day.
October 7, 2015
12:31 EDTAVPNu Skin plummets after cutting Q3 revenue outlook
Shares of Nu Skin (NUS), a global direct selling company, are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: Tuesday after the bell, Nu Skin lowered its Q3 revenue view to $570M-$573M from $600M-$620M, well below analysts' consensus estimates of $621.55M. Foreign currency headwinds associated with the strengthening of the U.S. dollar negatively impacted revenue by more than $60M compared to the prior-year period. The revised revenue range is expected to represent continued improvement on a sequential basis, and the company continues to forecast constant-currency revenue growth in the fourth quarter of 2015 versus the prior year. WHAT'S NOTABLE: Truman Hunt, Nu Skin's Chief Executive Officer, noted, "Third quarter results were impacted by lower-than-expected sales of our new cosmetic oils in China during August and September, which may be a reflection of economic conditions in China." Hunt continued, "Our third quarter results will be in-line with expectations, with the exception of the Greater China region. Revenue growth in the third quarter was particularly strong in South Asia/Pacific, where our first introduction of ageLOC Youth drove more than 20% growth in that region, or more than 40% on a constant-currency basis. Given the successful launch of ageLOC Youth in South Asia/Pacific, we look forward to the introduction of ageLOC Youth as well as ageLOC Me in most of our regions during the fourth quarter. We forecast year-over-year constant-currency revenue growth of between 7%-10% in the fourth quarter." ANALYST REACTION: Sentiment on the Street was cautious at midday. Research firm Stifel downgraded Nu Skin to Sell from Hold, citing the company's negative pre-announcement and its deteriorating trends in Greater China. Its price target for shares is $35. Another firm, Canaccord, noted that NuSkin pre-announced revenue numbers that were below guidance, which suggests softer trends in China and the long awaited sustainable turn in momentum has failed to materialize. The firm expects a new product cycle to help support the return to growth. Canaccord maintained its Hold rating and lowered its price target to $45 from $48 on NuSkin shares. PRICE ACTION: In midday trading, Nu Skin fell $12.13, or about 26%, to $34.45 on about six times its average daily trading volume. OTHERS TO WATCH: Other companies in the direct selling business include Herbalife (HLF), down 9.2%, Estee Lauder (EL), down fractionally, USANA Health Sciences (USNA) down 8.4%, Avon Products (AVP) up almost 8%, and Tupperware Brands (TUP), up 2.5%.
11:14 EDTAVPAvon Products October calls active
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