Tariff delay brings ‘breathing room’ for Wayfair, says Mizuho

Core Viewpoint - Mizuho maintains an Outperform rating on Wayfair following the Trump administration's decision to delay certain tariff increases by one year, providing a positive outlook for the company and the sector [1]. Group 1: Tariff Impact - The tariffs on upholstered furniture will remain at 25% instead of increasing to 30% [1]. - Tariffs on kitchen cabinets and vanities will also stay at 25%, rather than rising to 50% [1]. - This delay in tariff increases is seen as beneficial for Wayfair, offering "breathing room" for the sector [1]. Group 2: Stock Performance - Mizuho anticipates a potential increase in Wayfair shares, expecting "another leg higher" due to the lighter tariffs [1]. - In premarket trading, Wayfair's stock rose by 3% to $103.01 [1].