JPMorgan Downgrades Natura to Neutral, Cites Reduced Risk After Avon Sale

JPMorgan downgraded Natura (NATU3) to Neutral, noting that the completion of its simplification process—including the full sale of Avon International outside Latin America—has reduced extreme risks but not enough to warrant a more positive stance. The bank sees a new turnaround ahead, implying continued operational challenges. This is a single-analyst rating change, not a broad market signal.