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Shares in Tod's down sharply after weaker-than-expected Q1

Monday, 8 May 2017 03:05am EDT 

May 8 (Reuters) - Italian luxury goods group Tod's::Shares down 7 percent at open .Said on Friday it may struggle to meet market expectations for earnings this year after a bigger than forecast 4.4 percent drop in first-quarter revenue, driven by shrinking Italian and U.S. sales. nL8N1I75V8.Exane BNP Paribas has cut its rating on the stock to "underperform" from "neutral," Kepler Cheuvreux to "reduce" from "hold".