Lenovo's Stock Could Be Weighed by Tariff Headwinds -- Market Talk

Dow Jones

May 26, 2025

0338 GMT - Lenovo's shares could be weighed by tariff headwinds in the near term, Morningstar analyst Kazunori Ito says in a research note. That is even as he thinks the market has overreacted to the PC maker's 4Q profit miss, which sent the stock 5.4% lower Thursday. Ito notes that Lenovo plans to transfer its PC production for U.S. exports to Vietnam by September, which will limit the direct tariff impact. Morningstar trims Lenovo's fiscal 2026 operating margin forecast to 3.6% from 3.8%. It also lowers its PC shipment forecasts for Lenovo in fiscal 2027 to account for slowing demand in the U.S. due to increased pricing after tariffs, a weaker macroeconomic environment amid U.S.-China trade tensions and fading replacement demand. Shares are last 1.8% lower at HK$9.33. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 25, 2025 23:38 ET (03:38 GMT)

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That is even as he thinks the market has overreacted to the PC maker's 4Q profit miss, which sent the stock 5.4% lower Thursday. Ito notes that Lenovo plans to transfer its PC production for U.S. exports to Vietnam by September, which will limit the direct tariff impact. Morningstar trims Lenovo's fiscal 2026 operating margin forecast to 3.6% from 3.8%. It also lowers its PC shipment forecasts for Lenovo in fiscal 2027 to account for slowing demand in the U.S. due to increased pricing after tariffs, a weaker macroeconomic environment amid U.S.-China trade tensions and fading replacement demand. Shares are last 1.8% lower at HK$9.33. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 25, 2025 23:38 ET (03:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lenovo's Stock Could Be Weighed by Tariff Headwinds -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLenovo's Stock Could Be Weighed by Tariff Headwinds -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-26 11:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0338 GMT - Lenovo's shares could be weighed by tariff headwinds in the near term, Morningstar analyst Kazunori Ito says in a research note. That is even as he thinks the market has overreacted to the PC maker's 4Q profit miss, which sent the stock 5.4% lower Thursday. Ito notes that Lenovo plans to transfer its PC production for U.S. exports to Vietnam by September, which will limit the direct tariff impact. Morningstar trims Lenovo's fiscal 2026 operating margin forecast to 3.6% from 3.8%. It also lowers its PC shipment forecasts for Lenovo in fiscal 2027 to account for slowing demand in the U.S. due to increased pricing after tariffs, a weaker macroeconomic environment amid U.S.-China trade tensions and fading replacement demand. Shares are last 1.8% lower at HK$9.33. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 25, 2025 23:38 ET (03:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0052756011.USD","symbol_name":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2538258911","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538258911","pubTimestamp":1748230680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0338 GMT - Lenovo's shares could be weighed by tariff headwinds in the near term, Morningstar analyst Kazunori Ito says in a research note. That is even as he thinks the market has overreacted to the PC maker's 4Q profit miss, which sent the stock 5.4% lower Thursday. Ito notes that Lenovo plans to transfer its PC production for U.S. exports to Vietnam by September, which will limit the direct tariff impact. Morningstar trims Lenovo's fiscal 2026 operating margin forecast to 3.6% from 3.8%. It also lowers its PC shipment forecasts for Lenovo in fiscal 2027 to account for slowing demand in the U.S. due to increased pricing after tariffs, a weaker macroeconomic environment amid U.S.-China trade tensions and fading replacement demand. Shares are last 1.8% lower at HK$9.33. 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That is even as he thinks the market has overreacted to the PC maker's 4Q profit miss, which sent the stock 5.4% lower Thursday. Ito notes that Lenovo plans to transfer its PC production for U.S. exports to Vietnam by September, which will limit the direct tariff impact. Morningstar trims Lenovo's fiscal 2026 operating margin forecast to 3.6% from 3.8%. It also lowers its PC shipment forecasts for Lenovo in fiscal 2027 to account for slowing demand in the U.S. due to increased pricing after tariffs, a weaker macroeconomic environment amid U.S.-China trade tensions and fading replacement demand. Shares are last 1.8% lower at HK$9.33. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 25, 2025 23:38 ET (03:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}