Friday, April 24, 2009

Avon Shares Slide on Analyst Downgrades

Source: Forbes

"Shares of Avon Products Inc. slipped on Monday after an analyst downgraded shares of the cosmetics company ahead of its quarterly report amid soft consumer discretionary spending.

Shares retreated $1.30, or 6.3 percent, to $19.15 in afternoon trading. The stock has declined 14.9 percent so far this year.

Yahoo! BuzzAnalyst Andrew Sawyer of Goldman Sachs (nyse: GS - news - people ) cut his rating on the stock to "Neutral" from "Buy" and said there are limited catalysts to drive the shares higher. "

Forbes : Source Link

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