Avon Products risk/reward has improved, says Wells Fargo Wells Fargo sees an improved risk/reward on shares of Avon Products after meeting with the company's CEO Sheri McCoy and CFO Kimberly Ross. Wells believes a bottom may be forming with management pointing to progress and easing comps on both the top and bottom line. Wells keeps an Outperform rating on the stock.
Citi defends recent downgrade of Avon Products Citigroup says that following investor pushback, it is defending its September 8 downgrade of Avon Products to Neutral. The firm says it is comfortable with below consensus estimates given the recent strengthening of the U.S. dollar relative to several currencies. Citi adds that it has less confidence in Avon's turnaround following the departure of CFO Ross. It keeps a Neutral rating on the stock with a $15 price target.