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BoA Bulks Up Its Portfolio With Weight Watchers
Tuesday, June 5, 2018 - 9:34am | 346Weight Watchers International, Inc. (NYSE: WTW) is up nearly 200 percent year-over-year, but some on the Street forecast another 20 percent in upside. The Rating Bank of America Merrill Lynch analyst Olivia Tong initiated coverage of Weight Watchers with a Buy rating and $95 price target....
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Bank Of America Believes Colgate Earnings Could Soon Grow At A Double-Digit Pace
Monday, September 12, 2016 - 8:23am | 305Colgate-Palmolive Company (NYSE: CL) has significant exposure to currency and macro volatility. With external factors becoming more stable, the company appears poised for double-digit EPS growth, Bank Of America’s Olivia Tong said in a report. She upgraded the rating on Colgate from Neutral...
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Estee Lauder Adjusting To A Tougher Environment
Monday, August 22, 2016 - 3:29pm | 224Bank of America Merrill Lynch reiterated its Buy rating on Estee Lauder Companies Inc (NYSE: EL) saying that though the company is navigating a challenging environment, its overall growth is still well ahead of peers. Estee Lauder, a beauty products company, reported better-than-expected fourth...
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Procter & Gamble In Talks To Spinoff Beauty Line, But Will There Be Any Takers?
Wednesday, March 18, 2015 - 1:37pm | 194Bank of America issued a company update on Procter & Gamble Co (NYSE: PG) after news was released saying the company may sell or offer an IPO for some of its beauty brands such as Hugo Boss, Gucci and Covergirl. Bank of America rates Procter & Gamble as a Buy with a $95 price target....
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Bank Of America Positive On Energizer Holdings Split, Offers 8 Points Of Note
Tuesday, February 10, 2015 - 11:47am | 269Energizer Holdings (NYSE: ENR) on Friday filed its Form 10 for the spin of its Household Products (New Energizer) from the Personal Care Business. Olivia Tong of Bank of America on Monday commented that the filing provides the following eight key details on the two businesses. The timing of the...
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Bank Of America Remains Muted On The Clorox Co Following CEO Departure
Friday, September 19, 2014 - 8:24am | 164In a report published Friday, Bank of America analyst Olivia Tong reiterated an Underperform rating and $89.00 price target on The Clorox Co (NYSE: CLX). In the report, Bank of America noted, “CLX has announced that Don Knauss, 63 years old and CEO since 2006, will retire, effective November 20th....
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UPDATE: Bank Of America Downgrades Nu Skin Enterprises
Friday, July 18, 2014 - 8:42am | 129In a report released Friday, Bank of America analyst Olivia Tong downgraded Nu Skin Enterprises (NYSE: NUS) from Neutral to Underperform and cuts its price target to $63 a share The downgrades is due to Nu Skin challenges faced in China with low-cost leverage including a higher fixed base in units...
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UPDATE: Bank Of America Reiterates On Avon Products As Visibility Into 2H Recovery Remains Low
Friday, May 2, 2014 - 9:06am | 211In a report published Friday, Bank of America analyst Olivia Tong reiterated a Neutral rating on Avon Products (NYSE: AVP), but lowered the price target from $17.00 to $15.00. In the report, Bank of America noted, “Q1 earnings were well below already tempered expectations and today's call was...
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UPDATE: Bank of America Reiterates on Coty as Risk/Reward is Looking Better
Wednesday, March 12, 2014 - 10:35am | 180In a report published Wednesday, Bank of America analyst Olivia Tong reiterated a Buy rating on Coty (NYSE: COTY), and raised the price target from $16.00 to $17.00. In the report, Bank of America noted, “While visibility can be limited and the weather has put a chill in many company's results...
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UPDATE: Bank of America Merrill Lynch Downgrades Nu Skin Enterprises
Friday, January 17, 2014 - 8:58am | 227In a report published Friday, BofA Merrill Lynch analyst Olivia Tong downgraded Nu Skin Enterprises (NYSE: NUS) from Buy to Neutral, with a $94.00 price objective. According to the report, earlier this week, an article in China's People's Daily suggested that NUS was engaging in improper selling...
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UPDATE: Bank of America Downgrades Avon Products as Turnaround will Take Longer than Expected
Wednesday, December 18, 2013 - 12:12pm | 205In a report published Wednesday, Bank of America analyst Olivia Tong downgraded the rating on Avon Products (NYSE: AVP) from Buy to Neutral, and lowered the price target from $22.50 to $18.50. In the report, Bank of America noted, “While we continue to believe that Avon is fixable and that growth...
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UPDATE: Bank of America Initiates Coty at Buy on Unique Growth Story
Tuesday, July 23, 2013 - 11:00am | 223In a report published Tuesday, Bank of America analyst Olivia Tong initiated coverage on Coty (NYSE: COTY) with a Buy rating and $19.50 price target. In the report, Bank of America noted, “We are initiating coverage of Coty, a global fragrance, color cosmetics, nail, and skincare company, with...