Stocks were pounded on Monday after China retaliated with tariffs of its own to kick off a trade war. Tuesday was looking at a recovery in early indications, but only about 30% of the prior day’s losses were recouped. Investors have seen multiple reasons that might magnify the “sell in May and go away” mindset. The markets are also still quite close to all-time highs. It’s time for investors to consider how they want their portfolios positioned for the rest of 2019.

24/7 Wall St. reviews dozens of analyst research reports each day of the week. Our goal is to find new trading and investing ideas for our readers. Some of the daily analyst reports cover stocks to buy, but others cover stocks to sell or to avoid.

Additional commentary and trading data have been added on some of the daily analyst reports. The consensus analyst price targets and other valuation metrics are from the Refinitiv (Thomson Reuters) sell-side research service.

These are the top analyst upgrades, downgrades and initiations seen on Tuesday, May 14, 2019.

AeroVironment Inc. (NASDAQ: AVAV) was upgraded to Buy from Hold and the target price was raised to $86 from $84 (versus a $63.47 prior close) at Canaccord Genuity.

Amber Road Inc. (NYSE: AMBR) was downgraded to Hold from Buy at Needham.

Broadcom Inc. (NASDAQ: AVGO) was reiterated as Buy and the target price was raised to $325 from $300 (versus a $293.38 close) at UBS. Shares were down 3.5% on Monday, and the prior consensus target price was $315.89.

Burlington Stores Inc. (NYSE: BURL) was started with an Outperform rating at Robert W. Baird, after closing down over 5% at $155.94 on Monday.

Coca-Cola Co. (NYSE: KO) was raised to Overweight from Equal Weight and the target price was raised to $55 from $52 at Morgan Stanley.

Conagra Brands Inc. (NYSE: CAG) was started with a Buy rating and assigned a $35 target price (versus a $28.11 close) at SunTrust Robinson Humphrey.

CymaBay Therapeutics Inc. (NASDAQ: CBAY) was started with a Buy rating and assigned a $21 target price (versus a $12.36 close, after a 4.9% drop) at Citigroup. It has a 52-week range of $6.31 to $15.00 and a consensus target price of $21.60.

CytomX Therapeutics Inc. (NASDAQ: CTMX) was started with an Overweight rating and assigned a $21 target price (versus a $10.80 close) at Cantor Fitzgerald. The stock closed down 2.5% at $10.80 on Monday, in a 52-week range of $8.94 to $27.20.

Deere & Co. (NYSE: DE) was downgraded to Underweight from Neutral and the price target was lowered to $132 from $154 at JPMorgan. The firm cited deteriorating fundamentals in the agriculture business. Deere was one of the 12 worst China-hit stocks on Monday, with a 6.3% drop to $146.28, and its prior consensus target price was $175.72.

Elastic N.V. (NYSE: ESTC) was down 5.8% at $83.20 on Monday, and Stifel started it with a Hold rating at on Tuesday.

Energizer Holdings Inc. (NYSE: ENR) was raised to Buy from Neutral at Citigroup. Shares were down 2.4% at $42.46 on Monday, with a consensus target price of $55.18.

Hecla Mining Co. (NYSE: HL) was downgraded to Underperform from Neutral at CIBC. The stock closed up 1.3% at $1.58 on Monday but was down the same amount on Tuesday morning.

Intuitive Surgical Inc. (NASDAQ: ISRG) was maintained as Buy at Citigroup, but the firm lowered its target price to $575 from $610 (versus a $478.75 close). The consensus target price is $576.63, and the 52-week trading range is $430.24 to $589.32.

Jumia Technologies A.G. (NYSE: JMIA) was raised to Buy from Hold with a $34 price target at Stifel, and Raymond James raised its rating to Outperform from Market Perform. A firm called Berenberg raised its rating to Buy from Hold as well. After closing up 8.6% at $26.60 on Monday (despite a huge market sell-off), its shares were indicated up another 6.2% at $28.24 on Tuesday. The post-IPO range is $18.13 to $49.77. The market cap is $2.1 billion.

Limoneira Co. (NASDAQ: LMNR) was downgraded to Equal Weight from Overweight and the price target was lowered to $18 from $25 (versus a $21.30 close, after a 7.5% drop) at Stephens.

MannKind Corp. (NASDAQ: MNKD) was started with a Buy rating and assigned a $3 target price (versus a $1.23 close) at BTIG Research. The shares were last seen up almost 10% at $1.35, in a 52-week range of $0.94 to $3.04.

Ross Stores Inc. (NASDAQ: ROST) was started with an Outperform rating and assigned a $108 price target (versus a $93.45 close) at Robert W. Baird.

Shopify Inc. (NYSE: SHOP) was downgraded to Underweight from Equal Weight but the price target was raised to $209 from $173 at Morgan Stanley. This was another valuation downgrade after a stellar run in the shares. The stock closed down 3.1% at $250.79 on Monday and was indicated down another 1.5% at $247.10 on Tuesday.

Steven Madden Ltd. (NASDAQ: SHOO) was downgraded to Neutral from Overweight and the target price was lowered to $32 from $38 (versus $31.77 close) at Piper Jaffray.

Take-Two Interactive Software Inc. (NASDAQ: TTWO) closed down 3.26% at $100.01 ahead of earnings with a bad day in the markets, but its shares were indicated up 0.5% on Tuesday morning. Merrill Lynch reiterated its Buy rating, but trimmed its price objective to $130 from $128. KeyBanc Capital Markets maintained its Overweight rating but lowered its price target to $133 from $152. Wedbush Securities reiterated its Outperform rating and raised its target to $126 from $119. The consensus target price is $122.44, and the 52-week trading range is $84.41 to $139.91.

TJX Companies Inc. (NYSE: TJX) was started with an Outperform rating and assigned a $63 price target (versus a $52.48 close) at Robert W. Baird.

Tyson Foods Inc. (NYSE: TSN) was raised to Outperform from Neutral at Credit Suisse. After closing down 0.3% at $79.59, its shares were indicated up 1.1% at $80.50 on Tuesday morning.

Valero Energy Corp. (NYSE: VLO) was raised to Overweight from Neutral and the price target was raised to $105 from $102 at JPMorgan. Shares closed down 2.8% at $81.41 on Monday and were indicated up 0.5% at $81.75 on Tuesday. The previous consensus target price was $105.88.

Washington Real Estate Investment Trust (NYSE: WRE) was downgraded to Neutral from Outperform at Robert W. Baird.

Xylem Inc. (NYSE: XYL) was downgraded to Market Perform from Outperform at Cowen. It closed down 1.77% at $76.80 on Monday and had a consensus target price of $82.18.

Monday’s top analyst calls were in shares of included Alarm.com, Exxon Mobil, Goldman Sachs BDC, Merck, Pinterest, Shopify, Wendy’s, Zoom Video Communications and many more.

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