Loop Capital has adjusted its price target for Masco Corporation (MAS, Financial), lowering it to $62 from $65 while maintaining a Hold rating. This adjustment follows a modest miss in the company's first-quarter results, attributed to weaker performance in its DIY paint sales.
The company decided to retract its fiscal year 2025 guidance, citing uncertainty stemming from tariff issues. Even though Masco has reduced its exposure to China by 45% since 2018, the firm anticipates a considerable financial impact from the elevated tariff rates, quantified at approximately $675 million.
Masco remains one of the most affected companies by the changing trade landscape with China among Loop Capital's portfolio, highlighting ongoing concerns for investors and analysts alike.
