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Analyst Beats Up on Avon

Shares take a pounding in pre-market trading

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By: TOM BRANNA

Editor

After months of downbeat news, Avon Products’ shares are taking a beating. Avon’s shares fell nearly 4% in premarket trading Tuesday after Jefferies analyst Per E. Ostlund.said the direct seller of cosmetics and skin care products is being hurt by weak results, regulatory issues and waning confidence in management. Last week, Avon reported a worse-than-expected third-quarter net income decline. At the same time, Avon said it was reviewing all aspects of its operations and withd...

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