Morgan Stanley Lowers EPS For Avon Products On Weakening Fundamentals

In a report published Friday, Morgan Stanley analyst Dara Mohsenian reiterated an Equal-Weight rating on Avon Products (NYSE: AVP ). In the report, Morgan Stanley noted, “We remain Equal-weight AVP. We expect sales growth to remain weak given a difficult macro/competitive environment, particularly in EM's, as well as still spotty