Nomad Foods price target raised to $26 from $24 at Mizuho

Mizuho raised the firm’s price target on Nomad Foods to $26 from $24 and keeps a Buy rating on the shares. The analyst says the company’s new dividend and sales recovery reinforce a “robust risk/reward.” The firm reiterates Nomad Foods as a top pick. Inflecting fundamentals and significant cash returns provide strong upside potential and a favorable buying opportunity for the shares, the analyst tells investors in a research note.