Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. Bernstein analyst Toni Sacconaghi said worries over Apple sales in China are overdone, and he held with an aggressive price call for the iPhone giant's stock. For Lululemon, though, the landscape could get tougher due to consumer spending changes and more competitive business environment.
"What remains unclear, is: what is the "new model" and how will it be incorporated into existing manufacturing lines/? What happened to Mexico?" McNally said. Tesla stock has slipped about 33% in 2024. — Brian Evans 6:22 a.m.
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