11:26 AM EDT, 05/15/2025 (MT Newswires) -- Home Depot ( HD ) is expected to slightly beat profit estimates and Lowe's (LOW) may meet Q1 targets but could lower its outlook, while Target ( TGT ) will beat low Q1 expectations, RBC Capital Markets said in a note Thursday.

Home Depot's ( HD ) Q1 same-store sales are expected to be flat, with EPS seen at $3.62 after a technical adjustment, the investment firm said.

Management may also highlight $2 billion to $3 billion in expected tariff costs, which could be partly covered by raising prices and working with suppliers, RBC said.

Lowe's Q1 sales are forecast to drop 2%, with EPS at $2.90, while spring demand may shift to Q2, RBC analysts noted, adding that new tariffs could add up to $3 billion in costs, partly offset by the company.

Target's ( TGT ) Q1 sales are expected to fall 1%, with EPS down to $1.65 amid weaker demand and higher costs, according to the note.

RBC maintained sector perform ratings for Home Depot ( HD ) and Lowe's and cut their price targets to $399 from $424 and $244 from $285, respectively. The firm reiterated an outperform rating for Target ( TGT ) and lowered its price target to $112 from $151.

Price: 376.58, Change: +3.77, Percent Change: +1.01