Stocks were indicated to open handily lower on Monday as China retaliated with new tariffs of its own against the United States. Investors have seen multiple reasons that might justify the “sell in May and go away” mindset, particularly with the markets still being so close to all-time highs. It’s time for investors to be considering how to position their portfolios 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 other reports 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 Monday, May 13, 2019.
Alarm.com Holdings Inc. (NASDAQ: ALRM) was downgraded to Hold from Buy at Jefferies.
Ameriprise Financial Inc. (NYSE: AMP) was raised to Outperform from Neutral and the target price was raised to $202 from $145 (versus a $144.56 prior close) at Credit Suisse.
Boot Barn Holdings Inc. (NASDAQ: BOOT) was downgraded to Hold from Buy at Pivotal Research.
Buckeye Partners L.P. (NYSE: BPL) was downgraded to Hold from Buy at Stifel, but this is after its units rose by 28% to $41.75 on Friday based on a merger and passed up the prior $36.00 consensus target price.
California Resources Corp. (NYSE: CRC) was raised to Outperform from Market Perform at Raymond James.
Endo International PLC (NASDAQ: ENDP) was downgraded to Underweight from Neutral with a $9 target price (versus an $8.06 close) at JPMorgan.
Exxon Mobil Corp. (NYSE: XOM) was downgraded to Hold from Buy with an $86.50 price target at HSBC. Shares closed up 0.9% at $76.56 on Friday and were indicated down 0.9% at $75.88 on Monday. The consensus target price was $85.17, and the 52-week range is $64.65 to $87.36.
51job Inc. (NASDAQ: JOBS) was downgraded to Neutral from Buy at Citigroup.
Goldman Sachs BDC Inc. (NYSE: GSBD) was downgraded to Market Perform from Outperform at Wells Fargo and to Outperform from Strong Buy at Raymond James. Its shares closed down 0.3% at $20.67 on Friday, and the consensus target price was $21.21.
Hecla Mining Co. (NYSE: HL) was downgraded to Underperform from Market Perform and its target price was lowered to $1.10 from $2.30 (versus a $1.56 close, after almost a 12% drop) at BMO Capital Markets.
Hilton Worldwide Holdings Inc. (NYSE: HLT) was downgraded to Hold from Buy at Berenberg.
Invesco Ltd. (NYSE: IVZ) was downgraded to Sell from Neutral with an $18 price target (versus a $21.34 close) at UBS.
KB Home (NYSE: KBH) was raised to Overweight from Equal Weight and the target price was raised to $29 from $24 at Barclays. The stock closed up 1.1% at $26.12 on Friday and had a consensus target price of $25.64.