Barclays Maintains Overweight on Nomad Foods, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Lauren Lieberman has maintained an Overweight rating on Nomad Foods (NYSE:NOMD) and increased the price target from $18 to $20.
January 16, 2024 | 5:47 pm
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Barclays analyst Lauren Lieberman maintains an Overweight rating on Nomad Foods and raises the price target from $18 to $20.
The increase in price target by Barclays reflects a positive outlook on Nomad Foods, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Overweight rating suggests that the analyst believes the stock will outperform the average return of the stocks in the analyst's coverage universe.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100