** 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))
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