ANALYST RECOMMENDATIONS : BAE Systems, Berkeley, Burberry, Reinsurance Group, Tesla...

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.

• BAE Systems: Shore Capital initiates Buy coverage, targeting GBp 1166.
• Berkeley: HSBC downgrades to reduce from hold. PT down 23% to 3,000 pence
• Burberry: Oddo BHF remains underperform with a price target reduced from 2087 to 20260 GBp.
• Chemring: Shore Capital initiates Buy coverage, targeting GBp 346.
• Exact Sciences: Stifel raises price target to $120 from $85. Maintains buy rating. 
• Fiserv: B Riley Securities initiated coverage with a recommendation of buy. PT set to $148.
• Global Payments: B Riley Securities initiated coverage with a recommendation of buy. PT set to $179.
• Lancaster Colony: Loop Capital Markets initiated coverage with a recommendation of buy. PT set to $237.
• Persimmon: HSBC downgrades to hold from buy. PT up 7.8% to 1,190 pence.
• Principal Financial: Jefferies upgrades to hold from underperform. PT down 10% to $65.
• Qinetiq: Shore Capital initiates Buy coverage, targeting GBp 493.
• Reinsurance Group: Jefferies downgrades to hold from buy. PT up 12% to $160.
• Tesla: DZ Bank AG downgrades to sell from buy. PT down 21% to $210.