UPDATE: BMO Capital Markets Downgrades Avon Products Following 3Q Adjusted EPS Report

In a report published Friday, BMO Capital Markets analyst Connie M. Maneaty downgraded the rating on Avon Products (NYSE: AVP ) from Outperform to Market Perform, and lowered the price target from $26.00 to $18.00. In the report, BMO Capital Markets noted, “We are lowering our estimates and our rating