Mizuho lowered the firm’s price target on Nomad Foods (NOMD) to $20 from $23 and keeps an Outperform rating on the shares. Q2 revenue missed expectations and reductions to FY25 sales and EBITDA guidance are “disappointing,” but also seemingly reduce risks of further downside, the analyst tells investors in a post-earnings note.
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Read More on NOMD:
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- Nomad Foods price target lowered to $21 from $25 at Jefferies
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