Analyst recommendations: Align Technology, Centene, Glencore, Highwoods, Petrofac...

Every morning, find a selection of analysts' recommendations covering North America and the UK. The list only includes companies that have been the subject of a change of opinion or price target, or of a new coverage. It may be updated during the session. This information can be used to shed light on movements in certain stocks or on market sentiment towards a company.

• Align Technology: HSBC initiated coverage with a recommendation of buy. PT set to $450.
• Centene: Morgan Stanley downgrades to equal-weight from overweight. PT up 13% to $73.
• Cognex: Citi initiated coverage with a recommendation of neutral. PT set to $52.
• Drax group plc (drx ln): Liberum maintains its buy recommendation with a price target reduced from 940 to 900 GBp.
• Glencore plc (glen ln): BNP Paribas Exane maintains its Outperform recommendation with a price target raised from GBp 550 to GBp 557.
• Highwoods: Wells Fargo Securities downgrades to equal-weight from overweight. PT down 8.3% to $22.
• Hikma pharmaceut: Citi maintains its Buy recommendation with a price target raised from 22.10 to 24.80 GBP.
• John wood group: Citi maintains its neutral recommendation with a price target raised from 1.60 to 1.70 GBP.
• Petrofac ltd (pfc ln): Kepler Cheuvreux maintains its downward recommendation, with a new target price of GBP 35, compared with GBP 40 previously
• Rockwell Automation: Barclays downgrades to underweight from equal-weight. PT set to $287, implies a 9.5% decrease from last price.
• Sage group: Numis maintains its Buy recommendation, with a price target raised from GBp 1000 to GBp 1150.