** BofA Global Research cuts its earnings estimates again for the luxury sector after LVMH's LVMH.PA Q1 sales miss, factoring a slower start to Q1, FX moves and tariffs

** It now expects sector EPS to decline 6% y/y this year as it models organic revenue growth at 1%, versus its prior expectation of 3% growth

** "In our view, 1Q earnings season will be a catalyst for consensus downgrades as companies confirm no improvement in exit rate/current trading and heightened uncertainty around the environment," BofA says in a note

** BofA sees slower tourism in Japan and risk around the U.S. consumer as the biggest headwinds

** BofA lowers its Price Target on seven companies, including on LVMH by 3% to 725 euros

** It says it sees Gucci owner Kering's PRTP.PA guidance for stable EBIT in 2025 as too optimistic

(Reporting by Anna Pruchnicka)

((anna.pruchnicka@tr.com))