** Shares of Breville Group BRG.AX up 2.2% at A$29.63 on the day

** Morgan Stanley says near-term earnings risk is elevated for kitchen appliance maker as U.S. tariffs have made it more difficult to export co's products to the U.S.

** Adds that the outlook for the U.S. consumer is increasingly uncertain as tariffs act as a tax on consumption

** However, once tariff uncertainties are resolved and production is diversified, we think co is well positioned to resume its growth trajectory - MS

** Brokerage trims PT to A$36.5 from A$40, keeps "overweight" tag

** Also cuts EPS forecast by 9% and 6% for fiscal years 2026 and 2027, respectively

** Stock down 16.5% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))