Melius Research Stock Recommendations and Price Targets

This is a list of recent ratings by Melius Research.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
4/8/2025	DG Dollar General	Upgrade	$93.00		Hold ➝ Strong-Buy	Low
4/1/2025	KR Kroger	Downgrade	$71.00		Hold ➝ Strong Sell	High
3/24/2025	BA Boeing	Set Price Target	$162.00	$204.00		High
3/24/2025	LMT Lockheed Martin	Downgrade	$464.00		Strong-Buy ➝ Hold	Low
3/24/2025	BA Boeing	Upgrade	$162.00		Hold ➝ Strong-Buy	Low
3/20/2025	LUV Southwest Airlines	Upgrade	$25.00	$28.00 ➝ $34.00	Sell ➝ Hold	Medium
3/18/2025	PCAR PACCAR	Set Price Target	$88.00	$120.00		Low
3/18/2025	PCAR PACCAR	Upgrade	$88.00		Strong-Buy	Low
3/11/2025	MUSA Murphy USA	Upgrade	$511.00		Strong-Buy	High
1/28/2025	TT Trane Technologies	Reiterated Rating	$333.00	$398.00	Buy ➝ Hold	Low
1/28/2025	JCI Johnson Controls International	Reiterated Rating	$77.00	$95.00	Buy ➝ Hold	Low
1/28/2025	ETN Eaton	Reiterated Rating	$268.00	$373.00	Buy ➝ Hold	High
1/28/2025	VRT Vertiv	Reiterated Rating	$73.00	$125.00	Buy ➝ Hold	High
1/28/2025	AMD Advanced Micro Devices	Reiterated Rating	$87.00	$160.00 ➝ $129.00	Buy ➝ Hold	Low
1/27/2025	MRVL Marvell Technology	Upgrade	$52.00		Strong-Buy	Low
1/6/2025	AAL American Airlines Group	Upgrade	$9.00		Hold ➝ Strong-Buy	Low
1/6/2025	AMKR Amkor Technology	Downgrade	$16.00		Strong-Buy ➝ Hold	Medium
1/6/2025	CSCO Cisco Systems	Upgrade	$56.00		Hold ➝ Strong-Buy	Low
1/6/2025	EXPE Expedia Group	Upgrade	$151.00		Hold ➝ Strong-Buy	Medium
12/18/2024	PFGC Performance Food Group	Upgrade	$76.00		Hold	N/A
12/18/2024	SYY Sysco	Upgrade	$72.00		Hold	N/A
12/18/2024	USFD US Foods	Upgrade	$62.00		Strong-Buy	N/A
12/9/2024	QCOM QUALCOMM	Initiated Coverage	$137.00	$180.00	Hold	N/A
12/2/2024	UAL United Airlines	Upgrade	$66.00		Strong-Buy	N/A
11/27/2024	DELL Dell Technologies	Boost Price Target	$85.00	$140.00 ➝ $155.00	Buy ➝ Buy	N/A
11/26/2024	INGM Ingram Micro	Upgrade	$16.00		Hold	N/A
11/11/2024	NVDA NVIDIA	Boost Price Target	$101.00	$165.00 ➝ $185.00	Buy ➝ Buy	N/A
10/28/2024	ALK Alaska Air Group	Upgrade	$45.00	$56.00	Hold ➝ Buy	Low
10/22/2024	MMM 3M	Upgrade	$130.00	$180.00	Hold ➝ Buy	High
10/22/2024	GE General Electric	Boost Price Target	$182.00	$194.00 ➝ $202.00		Medium
10/21/2024	HLT Hilton Worldwide	Reiterated Rating	$210.00		Buy ➝ Hold	Low
10/21/2024	ACI Albertsons Companies	Upgrade	$22.00	$24.00	Hold ➝ Buy	High
9/23/2024	GO Grocery Outlet	Initiated Coverage	$15.00	$17.00	Hold	Low
9/23/2024	DG Dollar General	Initiated Coverage	$93.00	$85.00	Hold	Low
9/23/2024	KR Kroger	Initiated Coverage	$71.00	$55.00	Hold	Low
9/23/2024	ACI Albertsons Companies	Initiated Coverage	$22.00	$19.00	Hold	Low
9/23/2024	TGT Target	Initiated Coverage	$93.00	$180.00	Buy	Low
9/23/2024	DLTR Dollar Tree	Initiated Coverage	$79.00	$70.00	Hold	Medium
9/23/2024	BJ BJ's Wholesale Club	Initiated Coverage	$119.00	$90.00	Buy	Low
9/23/2024	SFM Sprouts Farmers Market	Initiated Coverage	$160.00	$105.00	Hold	Medium
9/23/2024	COST Costco Wholesale	Initiated Coverage	$994.00	$950.00	Hold	Low
9/23/2024	WMT Walmart	Initiated Coverage	$93.00	$95.00	Buy	Low
9/23/2024	FIVE Five Below	Initiated Coverage	$67.00	$100.00	Hold	Low
9/23/2024	LOW Lowe's Companies	Initiated Coverage	$219.00	$290.00	Buy	Medium
9/23/2024	TSCO Tractor Supply	Initiated Coverage	$50.00	$63.00	Buy	Low
9/23/2024	HD Home Depot	Initiated Coverage	$355.00	$420.00	Buy	Low
9/23/2024	CASY Casey's General Stores	Initiated Coverage	$460.00	$435.00	Buy	Medium
9/23/2024	FND Floor & Decor	Initiated Coverage	$70.00	$80.00	Sell	Low
9/23/2024	BBY Best Buy	Initiated Coverage	$62.00	$100.00	Hold	Low
9/16/2024	ORCL Oracle	Upgrade	$129.00		Hold ➝ Buy	Low
9/3/2024	LMT Lockheed Martin	Upgrade	$464.00		Strong-Buy	Low
8/27/2024	AAPL Apple	Reiterated Rating	$197.00	$265.00 ➝ $265.00	Buy ➝ Buy	Low
7/24/2024	RTX RTX	Boost Price Target	$129.00	$490.00 ➝ $493.00		Low
7/22/2024	LYFT Lyft	Initiated Coverage	$11.00	$15.00	Hold	Low
7/22/2024	UBER Uber Technologies	Initiated Coverage	$75.00	$77.00	Hold	Low
6/24/2024	AAPL Apple	Boost Price Target	$197.00	$227.00 ➝ $260.00	Buy ➝ Buy	Low
6/21/2024	NVDA NVIDIA	Boost Price Target	$101.00	$125.00 ➝ $160.00	Buy ➝ Buy	N/A
6/10/2024	ADBE Adobe	Reiterated Rating	$349.00	$510.00	Buy ➝ Hold	Low
6/3/2024	AVGO Broadcom	Initiated Coverage	$171.00	$185.00	Buy	Low
5/22/2024	VIK Viking	Initiated Coverage	$40.00	$37.00	Buy	Low
4/1/2024	BA Boeing	Reiterated Rating	$162.00		Buy ➝ Hold	Low
3/26/2024	HLGN Heliogen	Reiterated Rating	$1.00		Buy ➝ Hold	Low
1/30/2024	JCI Johnson Controls International	Reiterated Rating	$77.00		Buy ➝ Hold	Low
1/8/2024	AMD Advanced Micro Devices	Upgrade	$87.00	$188.00	Hold ➝ Buy	Low
1/8/2024	FDX FedEx	Upgrade	$207.00	$310.00	Hold ➝ Buy	Low
1/8/2024	ANET Arista Networks	Upgrade	$71.00	$75.00	Hold ➝ Buy	Low
1/8/2024	DE Deere & Company	Reiterated Rating	$452.00		Buy ➝ Hold	Low
1/8/2024	CSCO Cisco Systems	Reiterated Rating	$56.00	$55.00	Buy ➝ Hold	Low