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
12/18/2024	USFD US Foods	Initiated Coverage	$68.00	$12.00	Buy	N/A
12/18/2024	SYY Sysco	Initiated Coverage	$77.00	$85.00	Hold	N/A
12/18/2024	PFGC Performance Food Group	Initiated Coverage	$84.00	$95.00	Hold	N/A
12/9/2024	QCOM QUALCOMM	Initiated Coverage	$153.00	$180.00	Hold	N/A
11/26/2024	INGM Ingram Micro	Initiated Coverage	$20.00	$26.00	Hold	N/A
10/28/2024	ALK Alaska Air Group	Upgrade	$66.00	$56.00	Hold ➝ Buy	Low
10/22/2024	MMM 3M	Upgrade	$129.00		Hold ➝ Buy	High
10/21/2024	ACI Albertsons Companies	Upgrade	$20.00	$24.00	Hold ➝ Buy	High
10/21/2024	HLT Hilton Worldwide	Downgrade	$249.00		Buy ➝ Hold	Low
9/16/2024	ORCL Oracle	Upgrade	$170.00	$210.00	Hold ➝ Buy	High
9/3/2024	LMT Lockheed Martin	Upgrade	$489.00	$704.00	Hold ➝ Buy	Low
7/22/2024	LYFT Lyft	Initiated Coverage	$14.00	$15.00	Hold	Low
7/22/2024	UBER Uber Technologies	Initiated Coverage	$61.00	$77.00	Hold	Low
6/10/2024	LUV Southwest Airlines	Reiterated Rating	$33.00	$26.00	Sell	Low
6/10/2024	ADBE Adobe	Downgrade	$447.00	$510.00	Buy ➝ Hold	Low
6/3/2024	AVGO Broadcom	Initiated Coverage	$221.00	$185.00	Buy	Low
5/22/2024	VIK Viking	Initiated Coverage	$46.00	$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	$94.00		Hold	Low
4/1/2024	BA Boeing	Reiterated Rating	$177.00		Buy ➝ Hold	Low
1/8/2024	ALK Alaska Air Group	Downgrade	$66.00		Buy ➝ Hold	Low
1/8/2024	CSCO Cisco Systems	Downgrade	$59.00		Buy ➝ Hold	Low
1/8/2024	AMD Advanced Micro Devices	Upgrade	$119.00		Hold ➝ Buy	Low
1/8/2024	ANET Arista Networks	Upgrade	$113.00		Hold ➝ Buy	Low
1/8/2024	FDX FedEx	Upgrade	$276.00		Hold ➝ Buy	Low
1/8/2024	DE Deere & Company	Downgrade	$432.00		Buy ➝ Hold	Low
11/13/2023	LUV Southwest Airlines	Downgrade	$33.00		Neutral ➝ Underweight	Low
10/3/2023	VLTO Veralto	Initiated Coverage	$104.00	$108.00	Buy	Low
10/2/2023	XYL Xylem	Upgrade	$117.00	$122.00	Hold ➝ Buy	Low
9/11/2023	RTX RTX	Downgrade	$116.00	$92.00	Overweight ➝ Neutral	Low
9/5/2023	SPR Spirit AeroSystems	Downgrade	$33.00	$23.00	Overweight ➝ Neutral	Low
7/31/2023	EXPE Expedia Group	Initiated Coverage	$185.00	$135.00	Neutral	Low
7/31/2023	ABNB Airbnb	Initiated Coverage	$134.00	$160.00	Neutral	Low
7/31/2023	BKNG Booking	Initiated Coverage	$5,049.00	$3,500.00	Overweight	Low
3/27/2023	UPS United Parcel Service	Initiated Coverage	$126.00	$225.00	Overweight	Low
3/27/2023	FDX FedEx	Initiated Coverage	$276.00	$240.00	Hold	Low
2/15/2023	ULCC Frontier Group	Downgrade	$7.00	$13.00	Overweight ➝ Neutral	Low
2/15/2023	LUV Southwest Airlines	Downgrade	$33.00	$39.00	Overweight ➝ Neutral	Low
8/15/2022	JBLU JetBlue Airways	Initiated Coverage	$7.00		Hold	Low
8/15/2022	AAL American Airlines Group	Initiated Coverage	$17.00		Hold	Low
8/15/2022	DAL Delta Air Lines	Initiated Coverage	$61.00		Buy	Low
8/15/2022	LUV Southwest Airlines	Initiated Coverage	$33.00		Buy	Low
8/15/2022	UAL United Airlines	Initiated Coverage	$97.00		Buy	Low
8/15/2022	ALK Alaska Air Group	Initiated Coverage	$66.00		Buy	Low
8/15/2022	ALGT Allegiant Travel	Initiated Coverage	$84.00		Hold	Low
8/5/2022	HYZN Hyzon Motors	Downgrade	$1.00		Buy ➝ Hold	Low