Initiated Neutral X

AIN Albany Intl

Alembic Global Advisors

Upgrades Neutral Overweight X

AVAV AeroVironment

Alembic Global Advisors

$216

Downgrades Overweight Neutral X

AVAV AeroVironment

Alembic Global Advisors

$115

Upgrades Neutral Overweight X

AVAV AeroVironment

Alembic Global Advisors

Upgrades Neutral Overweight X

AVAV AeroVironment

Alembic Global Advisors

$120

Downgrades Overweight Neutral X

B Barnes Group

Alembic Global Advisors

$42

Initiated Overweight X

B Barnes Group

Alembic Global Advisors

$67

Upgrades Neutral Overweight X

BWXT BWX Technologies

Alembic Global Advisors

$148

Downgrades Overweight Neutral X

BWXT BWX Technologies

Alembic Global Advisors

$79 $82

Downgrades Overweight Neutral X

CE Celanese

Alembic Global Advisors

$160

Upgrades Underweight Neutral X

CE Celanese

Alembic Global Advisors

$95 $115

Initiated Overweight X

CW Curtiss-Wright

Alembic Global Advisors

$412

Downgrades Overweight Neutral X

DOW Dow

Alembic Global Advisors

$75

Initiated Overweight X

ESL Esterline

Alembic Global Advisors

Downgrades Overweight Neutral X

GD General Dynamics

Alembic Global Advisors

$296

Initiated Overweight X

HEI HEICO

Alembic Global Advisors

$169

Downgrades Overweight Neutral X

HII Huntington Ingalls

Alembic Global Advisors

$210

Upgrades Neutral Overweight X

HII Huntington Ingalls

Alembic Global Advisors

Downgrades Overweight Neutral X

HUN Huntsman

Alembic Global Advisors

Upgrades Neutral Overweight X

LHX L3Harris

Alembic Global Advisors

$238

Downgrades Overweight Neutral X

LYB LyondellBasell

Alembic Global Advisors

$120 $115

Upgrades Neutral Overweight X

LYB LyondellBasell

Alembic Global Advisors

$120

Upgrades Neutral Overweight X

MEOH Methanex

Alembic Global Advisors

$40 $60

Downgrades Overweight Neutral X

MEOH Methanex

Alembic Global Advisors

Upgrades Neutral Overweight X

MRCY Mercury

Alembic Global Advisors

Upgrades Neutral Overweight X

MRCY Mercury

Alembic Global Advisors

Downgrades Overweight Neutral X

NOC Northrop Grumman

Alembic Global Advisors

$560

Upgrades Neutral Overweight X

NOC Northrop Grumman

Alembic Global Advisors

$532

Upgrades Neutral Overweight X

NOC Northrop Grumman

Alembic Global Advisors

Upgrades Neutral Overweight X

RBC RBC Bearings

Alembic Global Advisors

$267

Downgrades Overweight Neutral X

RBC RBC Bearings

Alembic Global Advisors

$217

Upgrades Neutral Overweight X

RTN Raytheon

Alembic Global Advisors

$214

Upgrades Neutral Overweight X

RTX RTX

Alembic Global Advisors

$134

Initiated Neutral X

RTX RTX

Alembic Global Advisors

$81

Upgrades Underweight Neutral X

SPCE Virgin Galactic

Alembic Global Advisors

$4.75

Downgrades Overweight Neutral X

SPCE Virgin Galactic

Alembic Global Advisors

Downgrades Overweight Neutral X

TDG Transdigm Group

Alembic Global Advisors

Initiated Overweight X

TDG Transdigm Group

Alembic Global Advisors

$723

Upgrades Neutral Overweight X

WWD Woodward

Alembic Global Advisors

$111 $127