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Fly News Breaks for May 23, 2019
NOMD
May 23, 2019 | 07:25 EDT
Citi analyst David Driscoll initiated coverage of Nomad Foods with a Neutral rating and $24 price target. the company plays in an "attractive" frozen food category and has "solid" growth prospects, but this already reflected in the stock at current valuations, Driscoll tells investors in a research note. Further, the October 31 Brexit deadline creates a layer of near-term uncertainty, and represents a "major risk" to Nomad Foods, adds the analyst.
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