Avon Has Been Beautiful But Consumer Goods Are Getting Ugly
Read the full article: http://blog.ockhamresearch.com/
Avon Product's (AVP) stock had a great week last week as the company's second quarter upside surprise caused the stock to jump almost twenty percent. However, Ockham now views these shares and the entire Consumer Goods sector as over-valued and recommends caution with our newly issued Hold rating on AVP shares.
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