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.
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