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Top Analyst Upgrades and Downgrades: Broadcom, Coca-Cola, Conagra, Deere, Jumia, MannKind, Shopify, Take-Two, TJX, Tyson, Valero and More

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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