ANALYST RECOMMENDATIONS : Caterpillar, Conmed, Corning, Model N, United Rentals...

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 a new coverage. It may be updated during the session. This information can be used to shed light on the movements of certain stocks or the market sentiment on a company.

• Caterpillar: Baird downgrades to underperform from neutral. PT down 15% to $185.
• Conmed: KeyBanc Capital Markets upgrades to overweight from sector weight. PT up 28% to $124.
• Corning: Deutsche Bank raised the recommendation to buy. PT up 16% to $38.
• KeyCorp: Citi upgrades to buy from neutral. PT jumps 69% to $20.
• Model N:  Morgan Stanley initiated coverage with a recommendation of overweight. PT up 35% to $43.
• United Rentals: Baird downgrades to underperform from neutral. PT down 19% to $300.
• Virtus Investment: Piper Sandler upgrades to overweight from neutral. PT up 55% to $260.