NEW YORK (TheStreet) -- Beauty products company Avon Products Inc. (AVP) - Get Report was downgraded to "hold" from "buy" at Stifel Nicolaus, and downgraded to "neutral" from "buy" at B. Riley this morning following its soft third quarter earnings report.
Analysts at Stifel cut its rating on shares to "hold" with a $16 price target.
Analysts at B. Riley downgraded shares to "neutral" with a lowered price target of $11 from $16.
Yesterday, the New York City-based company reported third quarter earnings of 23 cents per share, higher than the Capital IQ Consensus Estimate of 16 cents per share.
Revenue for the quarter was $2.14 billion versus the consensus estimate of $2.15 billion.
Shares of Avon are up 1.81% to $10.15 in early market trading Friday.
Separately, TheStreet Ratings team rates AVON PRODUCTS as a Sell with a ratings score of D+.
- You can view the full analysis from the report here: AVP Ratings Report