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Avon Products Faces A Lengthy Turnaround

UBS analyst Stephen Powers stuck to his Sell rating on Avon Products, Inc. , despite the cosmetics company delivering bottom line upside versus the Street for the second quarter.

"Despite valid positives, quality of growth prevents full optimism," Powers wrote in a note.

Powers is concerned with the company's troubles in its end markets, rising competition and the "disappointing" -2 percent unit volume performance in the second quarter.