Lowe's (LOW) may incur an incremental $2 billion to $3 billion in costs due to the US tariffs as roughly 40% of its goods are imported, RBC said in a Wednesday note.
The company will see a "challenging" H2 as it may require a "sequential acceleration" to achieve the low-end of its fiscal 2025 sales range, analysts led by Steven Shemesh wrote.
Lowe's is also suspending its stock buyback plan for the remaining 2025 due to the planned cash acquisition of Artisan Design Group for $1.33 billion, the analysts said.
The fiscal Q1 sales fell 1.7% from a year earlier due to "unfavorable" winter weather in February and a later start to the 2025 spring, the analysts mentioned.
RBC lowered Lowe's price target to $242 from $244 and maintained a sector perform rating on the stock.
Shares of the company were down 1.8% in recent Thursday trading.
Price: 223.32, Change: -4.05, Percent Change: -1.78
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