Beauty and Beer Get Downgrades; Revised Views on Housing

In Tuesday's Analysts' Actions, Avon and Molson Coors get downgraded and JP Morgan revises its views on some housing stocks. Avon Products (AVP) is downgraded at Citi to 'Neutral' from 'Buy.' The price target was also lowered to $15 a share from $19, that's less than 15 percent upside from current levels. Citi cites the resignation of AVON's CFO as the reason behind the revision saying the 'CFO seems to be throwing in the towel, so we are too.' Molson Coors Brewing (TAP) was downgraded to "Neutral" from "Buy" at BTIG Research. The firm believes there are better beverage options and a possible CEO transition coming in the near term. JPMorgan (JPM) is revising its view on some housing stocks. The firm upgraded both D.R. Horton (DHI) and Lennar (LEN) to 'Overweight' and raised their price targets. JPMorgan also revised Pulte (PHM) up to a 'Neutral' rating from 'Underweight.' The price target was also raised to $22 from $19 a share.