NEW YORK (TheStreet) -- Shares of Avon Products (AVP) were higher in early afternoon trading on Wednesday as the cosmetics company prepares to post 2016 third quarter results before Thursday's opening bell.

Analysts surveyed by FactSet are looking for New York-based Avon to report adjusted earnings of 3 cents per share on revenue of $1.42 billion.

In the same quarter last year, Avon posted an adjusted loss of 11 cents per share on revenue of $1.67 billion.

Jefferies said recently that investor sentiment toward Avon has turned, as the stock has gained about 55% since its 2016 second quarter results in August.

The company's "broad-based revenue growth and an operating margin inflection... should continue in the third quarter," the firm noted.

Jefferies has a "buy" rating and $8 price target on the stock and it remains one of its top picks.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

Among the areas we feel are negative, one of the most important has been weak operating cash flow.

You can view the full analysis from the report here: AVP


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