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Monday, November 21, 2011

Newfield (NFX) (UGP) (NARA) (NTAP) (NTES) (ONNN) Ratings, Price Targets

Newfield Exploration Co. (NFX), Ultrapar Participacoes SA (UGP), Nara Bancorp, Inc. (NARA), NetApp Inc. (NTAP), Netease.com Inc. (NTES) and ON Semiconductor (ONNN) ratings and price targets.

Bank of America (NYSE:BAC) initiated coverage on Ultrapar Participacoes SA (UGP). They placed a “Buy” rating on the company.

Raymond James (NYSE:RJF) upgraded Nara Bancorp, Inc. (NARA) from a “Market Perform” rating to an “Outperform” rating.

Bank of America upgraded Newfield Exploration Co. (NFX) from an “Underperform” rating to a “Neutral” rating. They have a price target of $48.00 on the company.

FBN Securities upgraded NetApp Inc. (NTAP) from a “Sector Perform” rating to an “Outperform” rating.

First Global reiterated its “Market Perform” rating on Netease.com Inc. (NTES).

Evercore Partners initiated coverage on ON Semiconductor (ONNN). They placed an “Overweight” rating and a price target of $9.00 on the company.

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