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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOMD:
- Nomad Foods price target lowered to $18 from $20 at Barclays
- Nomad Foods Faces Challenges, Lowers 2025 Outlook
- Nomad Foods Earnings Call: Balancing Innovation and Challenges
- Nomad Foods price target lowered to $21 from $25 at Jefferies
- Nomad Foods cuts FY25 EPS view to EUR 1.64-EUR 1.76 from EUR 1.82-EUR 1.89