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Fly News Breaks for December 16, 2019
NOMD
Dec 16, 2019 | 08:29 EDT
DA Davidson analyst Brian Holland keeps his Buy rating and $25 price target on Nomad Foods, citing the victory of U.K. PM Boris Johnson's Conservative Party in last week's general election that paves the way for his Brexit deal to pass the House of Commons next month. The analyst believes that the stock has become "more investable", with a layer of uncertainty removed by the vote increasing the likelihood of an orderly Brexit. Holland adds that Nomad has continued to generate organic sales and margin growth year-to-date in spite of the "very challenging environment".
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