Melius Stock Recommendations and Price Targets

This is a list of recent ratings by Melius.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
10/28/2024	ALK Alaska Air Group	Upgrade	$53.00	$56.00	Hold ➝ Buy	Low
10/22/2024	MMM 3M	Upgrade	$128.00		Hold ➝ Buy	High
10/21/2024	ACI Albertsons Companies	Upgrade	$19.00	$24.00	Hold ➝ Buy	High
10/21/2024	HLT Hilton Worldwide	Downgrade	$250.00		Buy ➝ Hold	Low
9/16/2024	ORCL Oracle	Upgrade	$191.00	$210.00	Hold ➝ Buy	High
9/3/2024	LMT Lockheed Martin	Upgrade	$535.00	$704.00	Hold ➝ Buy	Low
7/22/2024	LYFT Lyft	Initiated Coverage	$17.00	$15.00	Hold	Low
7/22/2024	UBER Uber Technologies	Initiated Coverage	$70.00	$77.00	Hold	Low
6/10/2024	LUV Southwest Airlines	Reiterated Rating	$32.00	$26.00	Sell	Low
6/10/2024	ADBE Adobe	Downgrade	$500.00	$510.00	Buy ➝ Hold	Low
6/3/2024	AVGO Broadcom	Initiated Coverage	$163.00	$185.00	Buy	Low
5/22/2024	VIK Viking	Initiated Coverage	$44.00	$37.00	Buy	Low
4/22/2024	GEV GE Vernova	Initiated Coverage	$343.00	$147.00	Hold	Low
4/2/2024	OTIS Otis Worldwide	Initiated Coverage	$100.00		Hold	Low
4/1/2024	BA Boeing	Reiterated Rating	$146.00		Buy ➝ Hold	Low
1/8/2024	ALK Alaska Air Group	Downgrade	$53.00		Buy ➝ Hold	Low
1/8/2024	CSCO Cisco Systems	Downgrade	$58.00		Buy ➝ Hold	Low
1/8/2024	AMD Advanced Micro Devices	Upgrade	$138.00		Hold ➝ Buy	Low
1/8/2024	ANET Arista Networks	Upgrade	$382.00		Hold ➝ Buy	Low
1/8/2024	FDX FedEx	Upgrade	$288.00		Hold ➝ Buy	Low
1/8/2024	DE Deere & Company	Downgrade	$405.00		Buy ➝ Hold	Low
11/13/2023	LUV Southwest Airlines	Downgrade	$32.00		Neutral ➝ Underweight	Low
10/3/2023	VLTO Veralto	Initiated Coverage	$105.00	$108.00	Buy	Low
10/2/2023	XYL Xylem	Upgrade	$123.00	$122.00	Hold ➝ Buy	Low
9/11/2023	RTX RTX	Downgrade	$119.00	$92.00	Overweight ➝ Neutral	Low
9/5/2023	SPR Spirit AeroSystems	Downgrade	$32.00	$23.00	Overweight ➝ Neutral	Low
7/31/2023	EXPE Expedia Group	Initiated Coverage	$179.00	$135.00	Neutral	Low
7/31/2023	ABNB Airbnb	Initiated Coverage	$135.00	$160.00	Neutral	Low
7/31/2023	BKNG Booking	Initiated Coverage	$5,016.00	$3,500.00	Overweight	Low
3/27/2023	UPS United Parcel Service	Initiated Coverage	$132.00	$225.00	Overweight	Low
3/27/2023	FDX FedEx	Initiated Coverage	$288.00	$240.00	Hold	Low
2/15/2023	ULCC Frontier Group	Downgrade	$5.00	$13.00	Overweight ➝ Neutral	Low
2/15/2023	LUV Southwest Airlines	Downgrade	$32.00	$39.00	Overweight ➝ Neutral	Low
8/15/2022	JBLU JetBlue Airways	Initiated Coverage	$6.00		Hold	Low
8/15/2022	AAL American Airlines Group	Initiated Coverage	$14.00		Hold	Low
8/15/2022	SAVE Spirit Airlines	Initiated Coverage	$1.00		Hold	Low
8/15/2022	DAL Delta Air Lines	Initiated Coverage	$64.00		Buy	Low
8/15/2022	LUV Southwest Airlines	Initiated Coverage	$32.00		Buy	Low
8/15/2022	UAL United Airlines	Initiated Coverage	$95.00		Buy	Low
8/15/2022	ALK Alaska Air Group	Initiated Coverage	$53.00		Buy	Low
8/15/2022	ALGT Allegiant Travel	Initiated Coverage	$73.00		Hold	Low
8/5/2022	HYZN Hyzon Motors	Downgrade	$2.00		Buy ➝ Hold	Low