ANALYST RECOMMENDATIONS : Bristol-Myers, Easyjet, Eli Lilly, Delta Air Lines, Sage...

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.

• American States Water: Wells Fargo Securities downgrades to underweight from equal-weight. PT up 3.3% to $89.
• Bristol-Myers: Daiwa Securities initiated coverage with a recommendation of outperform. PT set to $70.
• California Water: Wells Fargo Securities upgrades to equal-weight from underweight. PT up 9.7% to $56.
• Coherent Corp:B Riley Securities downgrades to neutral from buy. PT down 2.3% to $47.
• Easyjet: RBC downgrades from buy to neutral but maintains its target at GBp 540.
• Eli Lilly and Company: Barclays remains Buy and raises its target from USD 420 to USD 500.
• Delta Air Lines: Jefferies remains Buy and raises its target from 45 to 50 USD.
• International Consolidated Airlines Group: RBC reinstated its coverage with a sector performance recommendation and a target of GBp 1,800.
• Lincoln Electric: KeyBanc Capital Markets upgrades to overweight from sector weight. PT up 20% to $232.
• Regeneron: Canaccord Genuity downgrades to hold from buy. PT set to $720, implies a 0.5% increase from last price.
• Sage Group: JP Morgan upgrades from neutral to overweight with a target of GBp 1100.
• Walgreens Boots: Deutsche Bank downgrades to hold from buy. PT up 19% to $34.
• Wizz Air Holdings: RBC reinstates its coverage with an Outperform recommendation and a target of GBp 3900.