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Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Embraer S/A ADS

ERJ

RBC Capital

Sector Perf » Outperform

$38

CenterPoint energy Inc.

CNP

KeyBanc Capital Mkts

Neutral » Outperform

$21

ENSCO PLC ADS

ESV

UBS

Neutral » Buy

$70

Sirius XM Radio

SIRI

Heffernan Capital

Buy

$2.50

Embraer S.A. engages in the development, production, and sale of jet and turboprop aircraft for civil and defense aviation markets. It also offers aircrafts for agricultural use; structural components, mechanical and hydraulic systems, and technical activities related to the production and maintenance of aerospace material. The company's Commercial Aviation segment designs, develops, and manufactures various commercial aircraft for regional, low-cost, and mainline airlines primarily in Europe, the Middle East, Africa, Asia, and the Americas.

Its Defense and Security segment provides a range of integrated solutions for the defense and security market, including training/light attack aircraft, aerial surveillance platforms, military transport aircraft, and government transport aircraft; command, control, communications, computer, intelligence, surveillance, and reconnaissance systems; and maintenance and material solutions.

CenterPoint Energy, Inc., through its subsidiaries, operates as a public utility company in the United States. The company's Electric Transmission and Distribution segment provides transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies. As of December 31, 2009, it owned 27,726 pole miles of overhead distribution lines and 3,729 circuit miles of overhead transmission lines; 20,080 circuit miles of underground distribution lines and 26 circuit miles of underground transmission lines; and 230 substation sites with a capacity of 51,557 megavolt amperes.

Ensco plc announced the completion of its acquisition of Pride International, Inc. after both companies received overwhelming shareholder approvals at special meetings held earlier today. The combination establishes Ensco as the world’s second largest offshore drilling company and the clear leader in customer satisfaction. Under the terms of the agreement, with exceptions for certain UK residents and dissenting stockholders, Pride International stockholders are receiving 0.4778 newly-issued shares of Ensco plus $15.60 in cash for each share of Pride International common stock. The shares of Ensco will continue to be listed and traded as American Depositary Shares on the New York Stock Exchange under the symbol, “ESV.” Effective as of the close of trading today, Pride International common stock will cease trading.

Broadcasting music, sports, news, talk and entertainment etc, Sirius XM Radio Inc stock price strengthened on Friday by 1.28% and closed at $2.37. Company had volume of about 40.39 million shares and its market capitalization was $9.35 billion. Chutinush Taksinapinunt of Heffernan Capital Management has raised Sirius XM Radio to a buy in late 2010 when the stock was $1.65 and set a 2011 price target of $2.50 of the shares.

This week Chutinush Taksinapinunt announced that SIRI may have $3.30 in 2011 and a probable $5 in 2012. SIRI reiterated its fiscal 2011 outlook and anticipates revenue of about $3 billion and adjusted EBITDA is estimated to near $715 million.

Downgrades

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Tiffany & Co.

TIF

Deutsche Bank

Buy» Hold

$76

Ashford Hospitality Trust

AHT

FBR Capital

Outperform» Mkt Perform

$14

Nokia Corp.

NOK

Goldman Sachs

Buy » Neutral

Swedbank AB

SWDBY

Citigroup

Buy » Hold

Danske Bank

DNSKY

Citigroup

Buy » hold

Upscale jewelry store retailer Tiffany & Co. reported impressive first quarter results last week as sales jumped 20% and profits advanced 26%. At the current valuation, the market expects these growth levels to continue for many years to come, but it may only get half these levels, based on Tiffany's past track record.

Ashford Hospitality Trust, Inc. has announced that it will provide an online audio simulcast of its presentation to the investment community at NAREIT's REITWeek 2011, June 7-9, at the Waldorf=Astoria in New York, New York. The presentation will take place on Tuesday, June 7, 2011, at 8:00 a.m. to 8:30 a.m. EDT.

Nokia, the cellphone giant battling to maintain its position in the face of competition from the iPhone and Android, said Tuesday that it was abandoning its 2011 profit targets after an unexpectedly poor second-quarter showing. Shares in Nokia tumbled 17.5 percent, closing at 4.75 euros in Helsinki, after the company, which is based in Finland, said “multiple factors are negatively impacting” sales, particularly lower selling prices and a reduced sales volume.

Swedbank AB provides various financial services for private individuals, corporates, and organizations worldwide. Its corporate banking services include cash management, trade finance, financing, corporate finance, securities, capital market, asset management, and life and pension services; and banks and financial institutions services comprise transaction, custody, correspondent banking, and relationship management services. It also offers loans and mortgages, savings and investings, payment, and insurance services for private customers.

Danske Bank A/S provides various personal finance, corporate banking, and institutional products and services in Denmark and internationally. It also offers various financial services comprising mortgage finance, insurance, leasing, real estate brokerage, and asset management services. The company's personal finance products and services include eBanking; current accounts, debit cards, and credit cards; consumer loans, car loans, home equity loans, and mortgage loans.

Coverage Initiated

Company

Ticker

Brokerage Firm

Ratings Change

Price Target

Tesoro Logistics

TLLP

Citigroup

Buy

$28

Infinity Property & Cas.

IPCC

Keefe Bruette

Outperform

$58

Ellie MAE Inc.

ELLI

Piper Jaffray

Overweight

$9

Molson Coors

TAP

Jefferies

Hold

$50

Dr. Pepper Snapple

DPS

Jefferies

Hold

$45

Air Lease Corp.

AL

Macquarie

Outperform

$34

Citigroup Inc.

C

RBC Capital

Outperform

$52

TLLP operates pipelines, maintain terminal facilities, perform trucking duties, and supply tank storage. These activities are officially lumped into two categories: 1. Terminalling, Transportation and Storage, and 2. Crude Oil Gathering. These functions are often looked upon as mundane and boring functions. For some of us, this is exactly what we seek in companies whom provide regular and growing income flows! As long as TSO is refining products, TLLP will be active in the fee-based business. TLLP receives a fee based upon the function it performs for TSO's refined products.

On May 25, 2011, the company's shareholders voted on four proposals, set forth below, at the 2011 Annual Meeting of Shareholders (the "Meeting"). Of the 12,404,072 shares of common stock outstanding as of March 29, 2011, the record date, 11,851,731 shares were represented at the Meeting (in person or by proxy), constituting 95.5% of the outstanding shares entitled to vote. At the Meeting, the shareholders approved all of the director nominees and each of the proposals presented, including indicating their preferred frequency of future advisory votes on executive compensation.

Molson Coors Brewing Company announced that it has launched Carling in Ukraine, Eastern Europe’s second largest beer market, through a commercial joint venture with Obolon Company, a leading Ukraine brewer. Beginning this month, Carling in 500ml bottles will be available in grocery stores, bars and neighborhood stores across Ukraine. With the support of the new Ukrainian team in Kiev, Molson Coors and Obolon jointly will manage the marketing and distribution of Carling. Obolon will brew and package Carling for the Ukraine market.

Dr. Pepper Snapple Group, Inc. has a market cap of $9.17B. Quarterly revenue grew by 6.65% year-over-year, while quarterly inventory decreased by 2.22%. Quarterly inventory, as a percentage of current assets, decreased from 16.56% to 14.89% year-over-year (comparing 3 mo. ending 3/31/10 vs. 3 mo. ending 3/31/11). The stock has gained 14.19% over the last year.

Air Lease Corporation engages in the purchase and leasing of aircraft. It leases its aircraft to airline customers in Asia, the Pacific Rim, Latin America, the Middle East, and eastern Europe. The company also plans to provide fleet management and remarketing services to third parties. As of December 31, 2010, its aircraft fleet consisted of 36 narrow body aircraft and 4 wide body aircraft. The company was founded in 2010 and is based in Los Angeles, California.

There has been a lot of noise about Citigroup since the financial crisis. The unprecedented 10-1 reverse stock split did not provide any silence. This split has been particularly difficult for the average investorto gauge. Putting on the binoculars, I can see bulls in the distance.Since its low in early2009, volume hasperformed in a mannerunlike its historicalaverage. Volume picked upduring the recession while the price dropped. This was an expected outcome as sentiment was bearish on the markets, especially in the financial sector. Most investors flee after that large of a downtrend.

Source: Upgrades, Downgrades and Initiations for Wednesday