Nomad Foods price target lowered to $24 from $25 at Deutsche Bank

Deutsche Bank analyst Steve Powers lowered the firm’s price target on Nomad Foods to $24 from $25 and keeps a Buy rating on the shares ahead of the company’s Q4 results on February 23. Nomad’s fiscal 2023 will likely remain challenging given a difficult macro backdrop and potentially eroding consumer demand, the analyst tells investors in a research note.