Nomad Foods price target raised to $22 from $20 at Barclays

Barclays raised the firm’s price target on Nomad Foods to $22 from $20 and keeps an Overweight rating on the shares. With a share buyback authorization for close to 20% of shares outstanding, a first-time dividend coming, and improving volume trends ahead of most packaged food peers, Nomad Foods remains undervalued, the analyst tells investors in a research note.