Avon Products price target lowered to $18-$19 from $22-$23 at Wells Fargo Wells Fargo cut its target on Avon after the company reported lower than expected revenue. The firm thinks the company's fundamentals remain poor, but believes that the shares already reflect the company's recent setbacks, while even moderate improvements could cause the stock to rebound. Wells keeps an Outperform rating on the shares.
SEC charges Avon with FCPA violations The SEC charged global beauty products company Avon Products with violating the Foreign Corrupt Practices Act, FCPA by failing to put controls in place to detect and prevent payments and gifts to Chinese government officials from employees and consultants at a subsidiary. Reference Link