BUZZ-Luxury: sector weak amid cautious Hugo Boss, Nomura

** European luxury goods stocks under pressure after cautious comments from German fashion house Hugo Boss (Xetra: BOSA.DE - news) and sector-wide rating and target price cuts from Nomura

** Hugo Boss expects challenges in China and the US market to keep a lid on sales growth next year, 2016 sales growth seen below long-term target (in a presentation released ahead of its investor day on Tuesday)

** Its shares, which already slumped last month when it cut its 2015 sales and profit outlook, are down another 5.2%, lowest since mid-2013; weakness comes as Nomura cuts its rating on the stock to "reduce"

** On the sector at large, broker says consensus expectations may be too high for FY16, thus there is a risk of a sector de-rating; says macroeconomic trends mixed, waiting for China to rebound

** Also downgrades Swatch to "neutral" (stock -2%), Burberry to "neutral" (stock -3.6%) and Tod's to "reduce" (stock -2.3%)

** Sentiment in sector already dampened by Paris shootings on Nov 13 and subsequent Brussels security alert (weak euro has drawn hordes of shopping tourists to major European cities); Kering (Milan: KER.MI - news) , Hermes and LVMH fell c3% on Nov 16

** Hugo Boss, on Tuesday, says impact of Paris attacks not yet clear

** Separately, Barclays (LSE: BARC.L - news) flags latest report by tax-refund company Global Blue showing Oct (HKSE: 3366-OL.HK - news) +6.5% y/y increase in global tourism spend, slowest monthly growth since Jan 2015, with Chinese tourism slowing to +23.5% globally, following +49.2% in Sept and +65.8% in Aug

(RM (LSE: RM.L - news) : silvia.recchimuzzi.thomsonreuters.com@reuters.net)