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Fly News Breaks for December 11, 2019
NOMD
Dec 11, 2019 | 17:23 EDT
Deutsche Bank analyst Faiza Alwy resumed coverage of Nomad Foods with a Buy rating and $27 price target. The analyst cites the company's 11 consecutive quarters of positive organic growth its annual average EBITDA growth of 15% over the past 2 years. Alwy believes that Nomad Foods can sustain that trend with "innovation, positive mix, and productivity", also citing the company's "significant financial flexibility" to pursue acquisitions.
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