Analyst Trims Price Target On Avon Products

NEW YORK (AP) — An analyst trimmed her price target and earnings estimates for Avon Products Inc. on Wednesday, but still expects profit growth later this year, following the cosmetics company's 36 percent lower first-quarter profit.

Avon on Tuesday said foreign exchange pressures and softening consumer demand crimped earnings, but the company is trying to boost the number of representatives who sell its products and offer more cosmetics at lower prices.

Caris & Co. analyst Linda Bolton Weiser, who rates the stock "Buy," expects strong profit growth later this year, when currency is less negative and spending is lower. ...