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
10/29/2026	ORCL Oracle	Set Price Target	$130.00	$170.00
10/29/2026	ORCL Oracle	Upgrade	$130.00		Hold ➝ Strong-Buy
10/20/2026	BKNG Booking	Set Price Target	$148.00	$225.00
10/20/2026	EXPE Expedia Group	Set Price Target	$286.00	$355.00
10/8/2026	CAVA CAVA Group	Upgrade	$59.00	$95.00	Hold ➝ Buy
10/6/2026	HD Home Depot	Set Price Target	$329.00	$397.00
10/6/2026	LOW Lowe's Companies	Set Price Target	$209.00	$244.00
10/6/2026	QXO QXO	Initiated Coverage	$11.00	$17.00	Buy
10/6/2026	JHX James Hardie Industries	Initiated Coverage	$27.00	$36.00	Buy
10/6/2026	FBIN Fortune Brands Innovations	Initiated Coverage	$45.00	$44.00	Hold
10/6/2026	TREX Trex	Initiated Coverage	$51.00	$62.00	Buy
10/6/2026	KBH KB Home	Initiated Coverage	$48.00	$43.00	Sell
10/6/2026	BLDR Builders FirstSource	Initiated Coverage	$65.00	$52.00	Sell
10/6/2026	MTH Meritage Homes	Initiated Coverage	$64.00	$59.00	Sell
10/6/2026	MAS Masco	Initiated Coverage	$81.00	$75.00	Hold
10/6/2026	LEN Lennar	Initiated Coverage	$87.00	$72.00	Sell
10/6/2026	PHM PulteGroup	Initiated Coverage	$125.00	$132.00	Hold
10/6/2026	OC Owens Corning	Initiated Coverage	$121.00	$118.00	Sell
10/6/2026	MHK Mohawk Industries	Initiated Coverage	$140.00	$188.00	Buy
10/6/2026	DHI D.R. Horton	Initiated Coverage	$146.00	$128.00	Sell
10/6/2026	TOL Toll Brothers	Initiated Coverage	$146.00	$179.00	Buy
10/6/2026	LOW Lowe's Companies	Upgrade	$209.00		Strong-Buy
10/6/2026	IBP Installed Building Products	Initiated Coverage	$213.00	$217.00	Hold
10/6/2026	FERG Ferguson	Initiated Coverage	$238.00	$252.00	Hold
10/6/2026	HD Home Depot	Upgrade	$329.00		Strong-Buy
10/6/2026	SHW Sherwin-Williams	Initiated Coverage	$333.00	$367.00	Hold
10/5/2026	MSFT Microsoft	Upgrade	$522.00	$665.00	Hold ➝ Buy
10/5/2026	MSFT Microsoft	Upgrade	$522.00	$665.00	Hold ➝ Buy
9/29/2026	KR Kroger	Set Price Target	$67.00	$80.00	Hold ➝ Buy
9/28/2026	MCD McDonald's	Lower Price Target	$258.00	$250.00 ➝ $230.00	Sell ➝ Sell
9/28/2026	MCD McDonald's	Lower Price Target	$258.00	$250.00 ➝ $230.00	Sell ➝ Sell
9/22/2026	ET Energy Transfer	Initiated Coverage	$21.00	$25.00	Hold
9/22/2026	KMI Kinder Morgan	Initiated Coverage	$34.00	$38.00	Buy
9/22/2026	EPD Enterprise Products Partners	Initiated Coverage	$38.00	$42.00	Hold
9/22/2026	WMB Williams Companies	Initiated Coverage	$74.00	$84.00	Buy
9/18/2026	BROS Dutch Bros	Lower Price Target	$43.00	$95.00 ➝ $70.00	Buy ➝ Buy
9/18/2026	BROS Dutch Bros	Lower Price Target	$43.00	$95.00 ➝ $70.00	Buy ➝ Buy
9/14/2026	HEI Heico	Set Price Target	$320.00	$350.00	Buy ➝ Hold
9/14/2026	GE GE Aerospace	Set Price Target	$302.00	$350.00	Buy ➝ Hold
9/14/2026	HONA Honeywell Aerospace	Set Price Target	$154.00	$190.00
9/14/2026	WWD Woodward	Downgrade	$305.00	$388.00	Buy ➝ Hold
9/14/2026	HONA Honeywell Aerospace	Downgrade	$154.00		Strong-Buy ➝ Hold
9/14/2026	HON Honeywell International	Downgrade	$218.00	$190.00	Buy ➝ Hold
9/14/2026	TDG Transdigm Group	Downgrade	$1,148.00	$1,331.00	Buy ➝ Hold
9/8/2026	LHX L3Harris Technologies	Downgrade	$278.00		Buy ➝ Hold
9/2/2026	DELL Dell Technologies	Boost Price Target	$424.00	$650.00 ➝ $735.00	Buy ➝ Buy
8/27/2026	NVDA NVIDIA	Set Price Target	$205.00	$400.00 ➝ $420.00
8/3/2026	SBUX Starbucks	Set Price Target	$104.00	$110.00
8/3/2026	SBUX Starbucks	Upgrade	$104.00		Sell ➝ Hold
7/30/2026	JMKE Jersey Mike's	Initiated Coverage	$18.00	$30.00	Buy
7/24/2026	AMD Advanced Micro Devices	Set Price Target	$505.00	$660.00
7/7/2026	AAL American Airlines Group	Downgrade	$13.00	$15.00 ➝ $19.00	Buy ➝ Hold
7/7/2026	SYY Sysco	Downgrade	$83.00		Hold ➝ Sell
7/7/2026	ALGT Allegiant Travel	Upgrade	$71.00	$160.00	Hold ➝ Buy
6/29/2026	WDC Western Digital	Initiated Coverage	$366.00	$1,050.00	Buy
6/29/2026	HONA Honeywell Aerospace	Upgrade	$154.00		Strong-Buy
6/29/2026	WDC Western Digital	Upgrade	$366.00		Strong-Buy
6/29/2026	STX Seagate Technology	Initiated Coverage	$645.00	$1,600.00	Buy
6/17/2026	CCL Carnival	Set Price Target	$29.00	$36.00
6/16/2026	NVT nVent Electric	Initiated Coverage	$126.00	$214.00	Buy
5/29/2026	DELL Dell Technologies	Set Price Target	$424.00	$565.00
5/21/2026	NVDA NVIDIA	Set Price Target	$205.00	$400.00
5/18/2026	AMD Advanced Micro Devices	Set Price Target	$505.00	$540.00
5/18/2026	QCOM Qualcomm	Set Price Target	$165.00	$220.00
5/18/2026	INTC Intel	Set Price Target	$66.00	$150.00
5/18/2026	SNDK Sandisk	Set Price Target	$1,151.00	$2,350.00
5/18/2026	MRVL Marvell Technology	Set Price Target	$196.00	$220.00
5/11/2026	ARXS Arxis	Initiated Coverage	$51.00	$45.00	Buy
4/27/2026	MU Micron Technology	Initiated Coverage	$885.00	$700.00	Buy
4/27/2026	SNDK Sandisk	Initiated Coverage	$1,151.00		Buy
4/10/2026	INTC Intel	Set Price Target	$66.00	$75.00
4/6/2026	AMKR Amkor Technology	Upgrade	$40.00	$60.00	Hold ➝ Buy
4/6/2026	SFM Sprouts Farmers Market	Downgrade	$50.00	$70.00	Hold ➝ Sell
4/2/2026	RTX RTX	Upgrade	$200.00		Hold ➝ Buy
3/23/2026	MIR Mirion Technologies	Upgrade	$18.00		Strong-Buy
2/17/2026	CVX Chevron	Upgrade	$236.00	$205.00	Hold ➝ Buy
2/11/2026	BP BP	Downgrade	$51.00	$31.00	Buy ➝ Sell
2/9/2026	MSFT Microsoft	Set Price Target	$522.00	$430.00
2/9/2026	ORCL Oracle	Set Price Target	$130.00	$160.00
2/9/2026	ORCL Oracle	Downgrade	$130.00		Buy ➝ Hold
2/9/2026	MSFT Microsoft	Downgrade	$522.00		Buy ➝ Hold
1/27/2026	ROP Roper Technologies	Downgrade	$467.00	$479.00	Buy ➝ Hold
1/23/2026	BJ BJ's Wholesale Club	Downgrade	$107.00	$100.00	Buy ➝ Hold
1/23/2026	DRI Darden Restaurants	Upgrade	$220.00		Hold ➝ Buy
1/20/2026	WING Wingstop	Set Price Target	$150.00	$350.00
1/20/2026	WING Wingstop	Upgrade	$150.00	$350.00	Hold ➝ Buy
1/7/2026	JCI Johnson Controls International	Set Price Target	$149.00	$148.00
1/7/2026	JCI Johnson Controls International	Upgrade	$149.00	$148.00	Hold ➝ Buy
1/7/2026	TT Trane Technologies	Upgrade	$410.00	$490.00	Hold ➝ Buy
1/5/2026	AME AMETEK	Set Price Target	$241.00	$235.00
1/5/2026	UBER Uber Technologies	Set Price Target	$65.00	$73.00
1/5/2026	INTC Intel	Upgrade	$66.00	$50.00	Hold ➝ Buy
1/5/2026	UBER Uber Technologies	Downgrade	$65.00	$73.00	Hold ➝ Sell
1/5/2026	UBER Uber Technologies	Upgrade	$65.00		Strong Sell
1/5/2026	MRVL Marvell Technology	Upgrade	$196.00	$135.00	Hold ➝ Buy
1/5/2026	AME AMETEK	Upgrade	$241.00	$235.00	Hold ➝ Buy
1/5/2026	WWD Woodward	Upgrade	$305.00		Hold ➝ Buy
1/5/2026	HII Huntington Ingalls Industries	Upgrade	$317.00		Hold ➝ Buy
11/20/2025	NVDA NVIDIA	Boost Price Target	$205.00	$300.00 ➝ $320.00	Buy ➝ Buy
11/13/2025	CSCO Cisco Systems	Boost Price Target	$105.00	$84.00 ➝ $100.00	Buy ➝ Buy