SYNNEX (SNX) (GEL) (NTAP) (PIR) (GEN) (KCG) Ratings, Price Targets

SYNNEX Co. (NYSE: SNX), Genesis Energy, L.P. (NYSE: GEL), NetApp (NASDAQ: NTAP), Pier 1 Imports (NYSE: PIR), RRI Energy (NYSE: GEN) and Knight Capital Group (NYSE: KCG) ratings and price targets.

SYNNEX Co. (SNX) had its “buy” rating reiterated by Brean Murray. They have a price target of $38.00 on the company.

Genesis Energy, L.P. (GEL) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating.

NetApp (NTAP) is now covered by Wedbush. They placed a “neutral” rating on the company.

Pier 1 Imports (PIR) is now covered by Argus. They placed a “hold” rating on the company.

RRI Energy (GEN) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.

Knight Capital Group (KCG) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.

NetApp (NTAP) (MOG-A) (MOS) (NFX) (PNFP) (PWAV) Downgraded

NetApp Inc. (NASDAQ: NTAP), Moog (NASDAQ: MOG-A), The Mosaic Company (NYSE: MOS), Newfield Exploration Co. (NYSE: NFX), Pinnacle Financial Partners (NASDAQ: PNFP) and Powerwave Technologies, Inc. (NASDAQ: PWAV) were downgraded by analysts.

Moog (MOG-A) was downgraded by RBC Capital to a “Sector Perform” rating.

The Mosaic Company (MOS) was downgraded by Citigroup (NYSE:C) from a “Buy” rating to a “Neutral” rating.

Newfield Exploration Co. (NFX) was downgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Underperform” rating.

NetApp Inc. (NTAP) was downgraded by Credit Suisse (NYSE:CS) from an “Outperform” rating to a “Neutral” rating.

Pinnacle Financial Partners (PNFP) was downgraded by Wunderlich from a “Buy” rating to a “Hold” rating. They have a price target of $17.00 on the company.

Powerwave Technologies, Inc. (PWAV) was downgraded by Brigantine from a “Buy” rating to a “Hold” rating.

NetApp (NTAP) (MJN) (MR) (INVN) (NEWP) (SYK) Ratings, Price Targets

NetApp Inc. (NASDAQ: NTAP), Mead Johnson Nutrition (NYSE: MJN), Mindray Medical International Limited (NYSE: MR), Invensense Inc. (NASDAQ: INVN), Newport Co. (NASDAQ: NEWP) and Stryker (NYSE: SYK) had ratings and price targets adjusted by analysts.

Mead Johnson Nutrition (MJN) had its “Neutral” rating reiterated by Citigroup (NYSE:C). They have a price target of $78.00 on the firm.

Mindray Medical International Limited (MR) had its “Outperform” rating reiterated by Oppenheimer.

Invensense Inc. (INVN) is now covered by ThinkEquity. They have a “Buy” rating on the firm.

Newport Co. (NEWP) had its “Buy” rating reiterated by Needham & Company.

NetApp Inc. (NTAP) had its “Overweight” rating reiterated by Piper Jaffray (NYSE:PJC). They have a price target of $53.00 on the firm.

Stryker (SYK) had its “Overweight” rating reiterated by JPMorgan Chase & Co. (NYSE:JPM). They have a price target of $61.00 on the firm.

Hexcel (HXL) (HT) (ITRI) (ITRI) (MD) (NDRO) (NTAP) (ELT) Get New Coverage

Hexcel Co. (NYSE: HXL), Hersha Hospitality Trust (NYSE: HT), Itron, Inc. (NASDAQ: ITRI), Itron, Inc. (NASDAQ: ITRI), Mednax Services Inc. (NYSE: MD), Enduro Royalty Trust (NASDAQ: NDRO) and NetApp Inc. (NASDAQ: NTAP) and Elster Group SE (NYSE: ELT) getting new coverage from analysts.

Barclays Capital (NYSE:BCS) initiated coverage on Hersha Hospitality Trust (HT). They placed an “Equal Weight” rating on the company.

Stephens initiated coverage on Hexcel Co. (HXL). They placed an “Overweight” rating on the company.

Piper Jaffray (NYSE:PJC) initiated coverage on Itron, Inc. (ITRI). They placed a “Neutral” rating on the company.

BB&T (NYSE:BBT) initiated coverage on Mednax Services Inc. (MD). They placed a “Buy” rating and a price target of $80.00 on the company.

Morgan Keegan initiated coverage on Enduro Royalty Trust (NDRO). They placed a “Market Perform” rating and a price target of $21.00 on the company.

Ticonderoga initiated coverage on NetApp Inc. (NTAP). They placed a “Neutral” rating on the company.

Wunderlich initiated coverage on Elster Group SE (ELT). They placed a “Buy” rating and a price target of $18.00 on the company.

EMC (EMCI) (NDRO) (NTAP) (TYPE) (WCAA) (KBH) Ratings, Price Targets

EMC Insurance Group Inc. (NASDAQ: EMCI), Enduro Royalty Trust (NASDAQ: NDRO), NetApp Inc. (NASDAQ: NTAP), Monotype Imaging Holdings (NASDAQ: TYPE), WCA Waste Co. (NASDAQ: WCAA) and KB Home (NYSE: KBH) ratings and price targets.

Enduro Royalty Trust (NDRO) is now covered by Morgan Keegan. They have a “market perform” rating and a price target of $21.00 on the firm.

NetApp Inc. (NTAP) is now covered by Ticonderoga. They have a “neutral” rating on the firm.

Monotype Imaging Holdings (TYPE) had its price target raised by Brigantine from $15.00 to $19.00. They have a “buy” rating on the firm.

WCA Waste Co. (WCAA) had its price target raised by Wunderlich to $6.50. They have a “buy” rating on the firm.

KB Home (KBH) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating.

EMC Insurance Group Inc. (EMCI) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating.

EMC (EMC) (NTAP) (VMW) (VPHM) (ELT) (DGII) Get New Coverage

EMC Corp. (EMC), NetApp (NTAP), VMware (VMW), ViroPharma (VPHM), Elster (ELT) and Digi International (DGII) getting new coverage from analysts.

Brean Murray initiated coverage on ViroPharma (VPHM). They have a "Buy" rating and price target of $37.00 on the firm.

Piper Jaffray (NYSE:PJC) initiated coverage on Digi International (DGII). They have an "Overweight" rating on the firm.

Piper Jaffray (NYSE:PJC) initiated coverage on Elster (ELT). They have an "Overweight" rating on the stock.

Ticonderoga initiated coverage on VMware (VMW). They have a "Neutral" rating on the firm.

Ticonderoga initiated coverage on NetApp (NTAP). They have a "Neutral" rating on the firm.

Ticonderoga initiated coverage on EMC Corp. (EMC). They have a "Buy" rating on the firm.

NetApp (NTAP) Ratings, Price Targets

NetApp Inc. (NASDAQ: NTAP) ratings and price targets.

NetApp Inc. (NTAP) was downgraded by Raymond James (NYSE:RJF) from a “Buy” rating to a “Market Perform” rating.

NetApp Inc. was downgraded by Craig Hallum to a “Neutral” rating.

NetApp Inc. had its price target lowered by Wunderlich to $47.00.

NetApp Inc. had its price target lowered by Brean Murray to $45.00.

NetApp (NTAP) (HEES) (IR) (IVR) (OFC) Downgraded

NetApp Inc. (NASDAQ: NTAP), H&E Equipment Services, Inc. (NASDAQ: HEES), Ingersoll-Rand (NYSE: IR), Invesco Mortgage Capital Inc (NYSE: IVR) and Corporation Office Properties (NYSE: OFC) downgraded by analysts.

H&E Equipment Services, Inc. (HEES) was downgraded by Macquarie from an “Outperform” rating to a “Neutral” rating.

Ingersoll-Rand (IR) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.

Invesco Mortgage Capital Inc. (IVR) was downgraded by Wunderlich from a “Buy” rating to a “Hold” rating. They have a price target $19.00 on the company, down from $22.00.

NetApp Inc. (NTAP) was downgraded by William Blair from an “Outperform” rating to a “Market Perform” rating.

Corporation Office Properties (OFC) was downgraded by Stifel Nicolaus from a “Buy” rating to a “Hold” rating.

Target (TGT) (BCSI) (FLO) (BWA) (NTAP) (DAN) Price Targets Changed

Target Corp. (NYSE: TGT), Blue Coat (NASDAQ: BCSI), Flowers Foods, Inc. (NYSE: FLO), BorgWarner Inc (NYSE: BWA), NetApp Inc. (NASDAQ: NTAP) and Dana Holding Co. (NYSE: DAN) price targets adjusted by analysts.

Target Corp. (TGT) had its price target raised by Piper Jaffray (NYSE:PJC) to $60.00. They have an “Overweight” rating on the company.

Blue Coat (BCSI) had its price target lowered by UBS AG (NYSE:UBS) from $23.00 to $14.00. They have a “Neutral” rating on the company.

Flowers Foods, Inc. (FLO) had its price target lowered by Longbow Research from $26.00 to $24.00. They have a “Buy” rating on the company.

BorgWarner Inc. (BWA) had its price target lowered by Barclays Capital from $92.00 to $89.00. They have an “Equal Weight” rating on the company.

NetApp Inc. (NTAP) had its price target lowered by Barclays Capital from $68.00 to $52.00. They have an “Overweight” rating on the company.

Dana Holding Co. (DAN) had its price target lowered by Barclays Capital from $25.00 to $23.00. They have an “Overweight” rating on the company.

Honeywell (HON) (VE) (SBUX) (SONC) (NTAP) (ALB) Downgraded

Honeywell International Inc. (NYSE: HON), Veolia Environnement (NYSE: VE), Starbucks (NASDAQ: SBUX), Sonic Co. (NASDAQ: SONC), NetApp Inc. (NASDAQ: NTAP) and Albemarle Co. (NYSE: ALB) downgraded by analysts.

Honeywell International Inc. (HON) was downgraded by Sanford C. Bernstein from an “Outperform” rating to a “Market Perform” rating.

Veolia Environnement (VE) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.

Starbucks (SBUX) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.

Sonic Co. (SONC) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating.

NetApp Inc. (NTAP) was downgraded by FBN Securities to a “Sector Perform” rating.

Albemarle Co. (ALB) was downgraded by Longbow Research from a “Buy” rating to a “Neutral” rating.

Vale (VALE) (F) (NTAP) (AXL) (DE) (JCI) Price Targets Changed

Vale (NASDAQ: VALE), Ford (NYSE: F), NetApp Inc. (NASDAQ: NTAP), American Axle & Manufacturing Holdings Inc (NYSE: AXL), Deere & Company (NYSE: DE) and Johnson Controls, Inc. (NYSE: JCI) price targets adjusted by analysts.

NetApp Inc. (NTAP) had its price target lowered by Credit Suisse (NYSE:CS) to $50.00. They have an “Outperform” rating on the company.

Ford (NYSE: F) had its price target lowered by analysts at Barclays Capital from $20.00 to $15.00. They have an “Overweight” rating on the company.

Vale (VALE) had its price target lowered by Goldman Sachs (NYSE:GS) to $38.00. They have a “Buy” rating on the company.

American Axle & Manufacturing Holdings Inc. (AXL) had its price target lowered by Barclays Capital from $14.00 to $12.00. They have an “Equal Weight” rating on the company.

Deere & Company (DE) had its price target lowered by UBS AG (NYSE:UBS) from $115.00 to $110.00. They have a “Buy” rating on the company.

Johnson Controls, Inc. (JCI) had its price target lowered by Barclays Capital from $49.00 to $43.00. They have an “Overweight” rating on the company.

Chevron (CVX) (THS) (WAT) (MWV) (CEA) (NTAP) Upgraded

Chevron (NYSE: CVX), TreeHouse Foods Inc. (NYSE: THS), Waters Corporation (NYSE: WAT), MeadWestvaco Corp. (NYSE: MWV), China Eastern Airline (NYSE: CEA) and NetApp Inc. (NASDAQ: NTAP) upgraded by analysts.

TreeHouse Foods Inc. (THS) was upgraded by BB&T (NYSE:BBT) from a “Hold” rating to a “Buy” rating.

Waters Corporation (WAT) was upgraded by Auriga from a “Hold” rating to a “Buy” rating. They have a price target of $103.00 on the company.

Chevron (CVX) was upgraded by Standpoint Research from a “Hold” rating to an “Accumulate” rating. They have a price target of $115.00 on the company.

MeadWestvaco Corp. (MWV) was upgraded by Bank of America (NYSE:BAC) from a “Neutral” rating to a “Buy” rating.

China Eastern Airline (CEA) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating.

NetApp Inc. (NTAP) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $58.00 on the company.

JinkoSolar (JKS) (DELL) (NTAP) (DV) (GXP) (MDT) (NRG) Price Targets Changed

JinkoSolar Holding Co., Ltd. (NYSE: JKS), Dell Inc. (NASDAQ: DELL), NetApp Inc. (NASDAQ: NTAP), DeVry Inc. (NYSE: DV), Great Plains Energy (NYSE: GXP), Medtronic, Inc. (NYSE: MDT) and NRG Energy, Inc. (NYSE: NRG) price targets adjusted by analysts.

JinkoSolar Holding Co., Ltd. (JKS) had its price target lowered

by Collins Stewart from $28.00 to $24.00. They have a “Buy” rating on the company.

Dell Inc. (DELL) had its price target raised by UBS AG (NYSE:UBS) to $19.00. They have a “Buy” rating on the company.

NetApp Inc. (NTAP) had its price target lowered by RBC Capital from $71.00 to $61.00. They have an “Outperform” rating on the company.

DeVry Inc. (DV) had its price target lowered by Citigroup (NYSE:C) to $64.00. They have a “Buy” rating on the company. They cited valuation as the catalyst behind the call.

Great Plains Energy (GXP) had its price target lowered by Wunderlich from $21.00 to $20.00. They have a "Buy” rating on the company.

Medtronic, Inc. (MDT) had its price target lowered by Citigroup to $40.00. They have a “Buy” rating on the company.

NRG Energy, Inc. (NRG) had its price target raised by Goldman Sachs (NYSE:GS) to $26.00. They have a “Neutral” rating on the company.

Ratings on (NTAP) (OII) (ROVI) (RWEOY) Upgraded

Ratings on shares of NetApp Inc. (NASDAQ: NTAP), Oceaneering International (NYSE: OII), Rovi Corp (NASDAQ: ROVI) and RWE AG (NASDAQ: RWEOY) were upgraded by analysts.

RBC Capital upgraded NetApp Inc. (NTAP) from a “sector perform” rating to an “outperform” rating. They have a price target of $70.00 on the company, up from $55.00.

Wells Fargo & Co. (NYSE:WFC) upgraded Oceaneering International (OII) from a “market perform” rating to an “outperform” rating.

Maxim Group upgraded Rovi Corp (ROVI) from a “hold” rating to a “buy” rating. They have a price target of $67.00 on the company.

Societe Generale upgraded RWE AG (RWEOY) from a “sell” rating to a “hold” rating.

Coverage on (NTAP) (ROST) (RPTP) (SCVL) Initiated

Coverage on shares of NetApp Inc. (NASDAQ: NTAP), Ross Stores, Inc. (NASDAQ: ROST), Raptor Pharmaceutical Corp. (NASDAQ: RPTP) and Shoe Carnival (NASDAQ: SCVL) was initiated by analysts.

Auriga initiated coverage on NetApp Inc. (NTAP). They placed a “hold” rating and a price target of $47.00 on the company.

UBS AG (NYSE:UBS) initiated coverage on Ross Stores, Inc. (ROST). They placed a “buy” rating and a price target of $90.00 on the company.

Canaccord Genuity initiated coverage on Raptor Pharmaceutical Corp. (RPTP). They placed a “buy” rating on the company.

Avondale Partners initiated coverage on Shoe Carnival (SCVL). They placed a “market perform” rating on the company.

Ratings on (NTAP) (VTR) (ENS) (WLK) Upgraded

Ratings on NetApp Inc. (NASDAQ: NTAP), Ventas (NYSE: VTR), EnerSys (NYSE: ENS) and Westlake Chemical Corp (NYSE: WLK) were upgraded by analysts.

Canaccord Genuity upgraded NetApp Inc. (NTAP) from a “hold” rating to a “buy” rating.

HSBC (NYSE:HBC) upgraded Ventas (VTR) from an “underweight” rating to a “neutral” rating. They have a price target of $50.00 on the company, up from $48.00.

Noble Financial upgraded EnerSys (ENS) from a “hold” rating to a “buy” rating.

JPMorgan Chase & Co. (NYSE:JPM) upgraded Westlake Chemical Corp (WLK) from a “neutral” rating to an “overweight” rating.

Ratings on (NTAP) (OII) (ROVI) (RWEOY) Upgraded

Ratings on shares of NetApp Inc. (NASDAQ: NTAP), Oceaneering International (NYSE: OII), Rovi Corp (NASDAQ: ROVI) and RWE AG (NASDAQ: RWEOY) were upgraded by analysts.

RBC Capital upgraded NetApp Inc. (NTAP) from a “sector perform” rating to an “outperform” rating. They have a price target of $70.00 on the company, up from $55.00.

Wells Fargo & Co. (NYSE:WFC) upgraded Oceaneering International (OII) from a “market perform” rating to an “outperform” rating.

Maxim Group upgraded Rovi Corp (ROVI) from a “hold” rating to a “buy” rating. They have a price target of $67.00 on the company.

Societe Generale upgraded RWE AG (RWEOY) from a “sell” rating to a “hold” rating.

Big Movers (HOC) (NTAP) (ALXN) (ARMH) (THOR) on May 6

Among the big, positive movers on Friday, May 6, were Holly Corp. (HOC), Netapp (NTAP), Alexion Pharmaceutic (ALXN), Arm Holdings Plc (ARMH) and Thoratec Corp. (THOR).

Holly Corp. (HOC) jumped $1.81, to close at $55.55, a gain of 3.37 percent.

Netapp (NTAP) was up $1.80 on the day to close at $53.30, a gain of 3.50 percent.

Alexion Pharmaceutic (ALXN) climbed $1.76 to close at $95.89, a gain of 1.87 percent.

Arm Holdings Plc (ARMH) rose $1.76 to close the session at $29.27, a gain of 6.40 percent.

Thoratec Corp. (THOR) was up $1.76 to end the day at $33.58, a gain of 5.53 percent.

NetApp Inc. (NTAP) (MWW) (NPBC) (TASR) Get Upgrades

NetApp Inc. (NASDAQ: NTAP), Monster (NYSE:MWW), National Penn Bancshares, Inc. (NASDAQ: NPBC) and TASER International, Inc. (NASDAQ: TASR) all received upgrades from various analysts.

UBS AG upgraded Monster Worldwide, Inc. from a “Sell” rating to a “Neutral” rating.

Boenning & Scattergood upgraded National Penn Bancshares, Inc. from a “Neutral” rating to an “Outperform” rating. They have a $11.00 price target on the stock.

Pacific Crest upgraded NetApp Inc. from a “Sector Perform” rating to an “Outperform” rating.

Craig Hallum upgraded TASER International, Inc. from an “Accumulate” rating to a “Buy” rating.

NetApp (NTAP) Struggles After Weak Guidance

Shares of NetApp (NASDAQ:NTAP) were down over 10 percent in early trading, as the company guidance was below expectations.

Craig-Hallum Capital Group analyst Eric Martinuzzi said in a note to clients, “The company is going through a personnel and capital equipment investment phase that should be good for the long term, but will weigh on near-term earnings and free cash flow leverage. Long term holders should not read too much into our downgrade, but we see the shares pausing in the near term as NetApp’s human capital growth catches up to its product growth.”

Several other brokerages downgraded the stock after the guidance as well.

While the guidance weighed on some parts of the tech sector, companies like Nvidia Corp. (NVDA), SanDisk (SNDK), Intel (INTC) and AMD (AMD) were all doing well in the trading session.

NetApp was trading at $53.72, dropping $4.82, or 8.23 percent, as of 12:18 PM EST.