ANALYST RECOMMENDATIONS : Anglo American, Burberry, IBM, Newmont, Ocado...

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.

• Adtalem: BMO Capital Markets upgrades to outperform from market perform. PT up 31% to $44.
• Alamo Group: Raymond James initiated coverage with a recommendation of outperform. PT set to $215.
• Anglo American: Bernstein maintains its Market Perform rating with a price target reduced from 2540 to 2460 GBp.
• Antofagasta: Bernstein maintains its Market Perform rating with a price target raised from GBp 1400 to GBp 1480.
• Burberry: Bernstein maintains its Market Perform rating with a price target reduced from 2450 to 1267 GBp.
• Cedar Fair: Citi downgrades to neutral from buy. PT up 3.4% to $41.
• ConvaTec : HSBC moves from Light to Hold, targeting GBp 200.
• Elementis: J.P. Morgan upgrades from neutral to overweight, targeting GBp 144.
• Glencore : Bernstein remains Outperform with a price target reduced from 650 to 615 GBp.
• Humana: J.P. Morgan downgrades to neutral from overweight. PT up 22% to $540.
• IBM: J.P. Morgan initiated coverage with a recommendation of neutral. PT set to $145.
• Newmont: Barclays raised its recommendation to overweight from equal-weight. PT up 47% to $61.
• Ocado: Bernstein remains Outperform with a price target reduced from 1450 to 1350 GBp.