Market-moving analyst Stephen Tusa talks coronavirus impact and his favorite stock in the downturn

A worker restock popular 3M N95 particulate filtering face mask at a store in East Palo Alto, California, United States on January 26, 2020.
Yichuan Cao | NurPhoto | Getty Images

(This story is for CNBC Pro subscribers only.)

JPMorgan's top industrial analyst Stephen Tusa slashed his estimates for the sector on Tuesday, saying that weak consumers typically lead to amplified declines for industrial companies.

"If consumer spending goes down 2%, industrial production goes down 8% … I don't think industrial production is going to go down 40%, but certainly it's going to go down solid double digits," Tusa said on "Halftime Report."