By  on May 21, 2012

Now that Coty Inc.’s $10.65 billion takeover offer’s gone away, Avon Products Inc.’s stock is going to have to stand on its own — and some see a long road ahead to turnaround.

UBS Securities analyst Nik Modi on Monday cut his rating on the stock to “sell” from “neutral,” noting “it will become obvious that any creditable plan to sustainably fix Avon will require a substantial cut to Avon’s midterm [earnings per share] power.”

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