News Source: Forbes
"Shares of Avon Products Inc. slipped on Monday after an analyst downgraded shares of the cosmetics company ahead of its quarterly report amid soft consumer discretionary spending.Shares retreated $1.30, or 6.3 percent, to $19.15 in afternoon trading. The stock has declined 14.9 percent so far this year.
Yahoo! BuzzAnalyst Andrew Sawyer of Goldman Sachs (nyse: GS - news - people ) cut his rating on the stock to "Neutral" from "Buy" and said there are limited catalysts to drive the shares higher.
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