Upgrades Hold Buy X

AAL American Airlines

Melius

$23

Initiated Neutral X

ABNB Airbnb

Melius

$160

Upgrades Hold Buy X

ACI Albertsons

Melius

$24

Downgrades Buy Hold X

ADBE Adobe

Melius

$510

Upgrades Hold Buy X

ALK Alaska Air

Melius

$56

Downgrades Buy Hold X

ALK Alaska Air

Melius

Upgrades Hold Buy X

AMD Advanced Micro Devices

Melius

$175

Downgrades Buy Hold X

AMD Advanced Micro Devices

Melius

$160 $129

Upgrades Hold Buy X

AMD Advanced Micro

Melius

Downgrades Buy Hold X

AME Ametek

Melius

$192

Downgrades Buy Hold X

AMKR Amkor

Melius

$34 $30

Upgrades Hold Buy X

ANET Arista Networks

Melius

Initiated Buy X

AVGO Broadcom

Melius

$1850

Upgrades Hold Buy X

BA Boeing

Melius

Downgrades Buy Hold X

BA Boeing

Melius

Initiated Overweight X

BKNG Booking Holdings

Melius

$3500

Initiated Hold X

CARR Carrier Global

Melius

$90

Upgrades Hold Buy X

CAT Caterpillar

Melius

$500

Initiated Hold X

CAVA CAVA Group

Melius

$95

Upgrades Hold Buy X

CGNX Cognex

Melius

$60

Initiated Hold X

CMG Chipotle Mexican Grill

Melius

$60

Upgrades Hold Buy X

CSCO Cisco

Melius

$66 $73

Downgrades Buy Hold X

CSCO Cisco

Melius

Upgrades Hold Buy X

DE Deere

Melius

Downgrades Buy Hold X

DE Deere

Melius

Upgrades Hold Buy X

DG Dollar General

Melius

$110

Initiated Hold X

DPZ Domino’s Pizza

Melius

$500

Initiated Hold X

DRI Darden Restaurants

Melius

$240

Downgrades Buy Hold X

ETN Eaton

Melius

$373

Upgrades Hold Buy X

EXPE Expedia Group

Melius

$220

Initiated Neutral X

EXPE Expedia Group

Melius

$135

Upgrades Hold Buy X

FDX FedEx

Melius

Initiated Neutral X

FDX FedEx

Melius

$240

Downgrades Buy Hold X

FTV Fortive

Melius

$62

Downgrades Buy Hold X

HLT Hilton

Melius

Downgrades Buy Hold X

IR Ingersoll-Rand

Melius

$93

Downgrades Buy Hold X

JCI Johnson Controls

Melius

$95

Upgrades Sell Hold X

KR Kroger

Melius

$70

Downgrades Hold Sell X

KR Kroger

Melius

$58

Downgrades Buy Hold X

LMT Lockheed Martin

Melius

Upgrades Hold Buy X

LMT Lockheed Martin

Melius

$704

Upgrades Sell Hold X

LUV Southwest Air

Melius

Reiterated Sell X

LUV Southwest Air

Melius

$26

Downgrades Neutral Underweight X

LUV Southwest Air

Melius

Downgrades Overweight Neutral X

LUV Southwest Air

Melius

$39

Initiated Hold X

LYFT Lyft

Melius

$15

Initiated Sell X

MCD McDonald’s

Melius

$250

Upgrades Hold Buy X

MMM 3M

Melius

Initiated Buy X

MRVL Marvell

Melius

$188

Initiated Buy X

MUSA Murphy USA

Melius

$600

Upgrades Hold Buy X

ORCL Oracle

Melius

$210

Initiated Hold X

OTIS Otis Worldwide

Melius

Upgrades Hold Buy X

PCAR PACCAR

Melius

Initiated Hold X

QCOM Qualcomm

Melius

$180

Initiated Buy X

QSR Restaurant Brands Int’l

Melius

$90

Initiated Hold X

RSG Republic Services

Melius

Downgrades Overweight Neutral X

RTX RTX

Melius

$92

Downgrades Overweight Neutral X

SPR Spirit Aerosystems

Melius

$23

Downgrades Buy Hold X

TT Trane

Melius

$398

Initiated Buy X

TXRH Texas Roadhouse

Melius

$235

Initiated Hold X

UBER Uber

Melius

$77

Downgrades Overweight Neutral X

ULCC Frontier Group Holdings

Melius

$13

Initiated Overweight X

UPS UPS

Melius

$225

Initiated Overweight X

VLTO Veralto

Melius

$108

Upgrades Hold Buy X

VRT Vertiv

Melius

$165

Downgrades Buy Hold X

VRT Vertiv

Melius

$125

Initiated Buy X

WCN Waste Connections

Melius

Initiated Hold X

WING Wingstop

Melius

$350

Initiated Buy X

WM Waste Mgmt

Melius

Upgrades Neutral Overweight X

XYL Xylem

Melius

$122

Initiated Buy X

YUM Yum! Brands

Melius

$200