Nomad Foods price target raised to $26 from $24 at Mizuho

Mizuho analyst John Baumgartner raised the firm’s price target on Nomad Foods (NOMD) to $26 from $24 and keeps an Outperform rating on the shares. The company’s Q4 volume and mix showed “robust acceleration,” the analyst tells investors in a research note. The firm says Nomad’s fiscal 2025 guidance continues to embed “meaningful reinvestment,” suggesting the balance of risks is skewed to upside while also reinforcing the thesis for material cost savings that enable reinvestment without sacrificing EBITDA.