Masco price target lowered to $62 from $65 at Loop Capital

Loop Capital analyst Garik Shmois lowered the firm’s price target on Masco (MAS) to $62 from $65 and keeps a Hold rating on the shares. The company reported a modest Q1 miss on weaker DIY paint sales and pulled its FY25 guidance on tariff uncertainty, the analyst tells investors in a research note. Masco is amongst the most exposed to China within Loop’s coverage, and while the company has lowered its China exposure by 45% from 2018, it still expects a $675M negative impact from the increased tariff rate, the firm added.