Nomad Foods price target lowered to $23 from $26 at Mizuho

Mizuho analyst John Baumgartner lowered the firm’s price target on Nomad Foods (NOMD) to $23 from $26 and keeps an Outperform rating on the shares. The firm adjusted targets in the food producer group ahead of the Q2 reports. Low stock valuations in the sector are attractive but are overshadowed by growth concerns, the analyst tells investors in a research note.