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Fly News Breaks for June 19, 2019
NOMD
Jun 19, 2019 | 16:50 EDT
DA Davidson analyst Brian Holland initiated Nomad Foods with a Buy rating and a price target of $26. The analyst notes that the impact of a no-deal Brexit is likely to be "negligible" in the near term, with the range of longer-term outcomes also likely being "manageable". Holland adds that over the long term, Nomad Foods is "attractively positioned as a consolidator of choice" in frozen foods across Western Europe, with the stock also working from the currently "depressed" margin levels.
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