Analysts discussed stocks including Tesla and Costco on Tuesday. Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick, while Redburn Atlantic downgraded Costco to neutral. Bank of America upgraded data center company Johnson Controls to buy, citing its data center assets and pending divestitures. Apple’s iPhone 16 launch was considered in-line with expectations by analysts, with UBS and Goldman Sachs providing differing outlooks on iPhone demand. Bernstein initiated coverage on GE Aerospace with an outperform rating, citing growth opportunities. Costco was downgraded by Redburn Atlantic, while Deutsche Bank named Tesla a top pick, citing its potential in reshaping multiple industries. Tesla shares have experienced a 13% decline year to date but have seen a 24% increase over the past three months. CEO Elon Musk believes that self-driving cars and end-to-end AI are key areas for Tesla’s growth. Despite the recent stock performance, the company remains focused on developing innovative technologies for the future.
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