Jefferies Looks For Acceleration On Avon

According to Jefferies, Avon Products AVP looks for acceleration in the 2H. Jefferies said that it is leaving its EPS estimates unchanged, as Avon reported what was largely an in-line Q2. “While management generally delivered on its stated 1H plans of +LSD local currency sales growth and flat operating margins, 2H plans call for an acceleration that, while plausible, may invite some investor skepticism until delivery becomes clearer.” Avon Products closed yesterday at $25.85.