Mizuho cuts Nomad Foods stock price target to $13 on FY26 outlook
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil extends move higher on concerns over Strait of Hormuz; more supply coming? U.S. stock futures fall sharply as Middle East conflict widens; Target impresses Gold hands back some gains as stronger dollar weighs; Iran conflict in spotlight Goldman lifts European natural gas outlook as prices soar 31% amid Iran conflict FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Mizuho cuts Nomad Foods stock price target to $13 on FY26 outlook By Analyst Ratings Published 03/03/2026, 08:28 AM Mizuho cuts Nomad Foods stock price target to $13 on FY26 outlook 0 NOMD -2.55% Investing.com - Mizuho lowered its price target on Nomad Foods Ltd (NYSE:NOMD) to $13.00 from $15.00 on Monday while maintaining an Outperform rating. The stock currently trades at $10.69, hovering just above its 52-week low of $10.66, and InvestingPro analysis suggests the stock is undervalued with a Fair Value of $14.97. The firm reduced its fiscal 2026 adjusted EBITDA estimate to €490 million from €521 million following the company’s fiscal 2026 outlook, which Mizuho described as disappointing despite a new CEO reset. The price target is based on 7.5 times the firm’s calendar year 2026 EBITDA estimate. Nomad Foods ’ fourth quarter results met guidance and consensus expectations. The fiscal 2026 outlook reflects potential pricing-related retailer disruptions and retaliation as the company negotiates new price increases for fish products. The company plans to cease end-of-quarter sales incentives, which will pressure first quarter order patterns and sales. Price gap uncertainty persists following multiple years of related headwinds for the frozen food maker. Nomad Foods reiterated at least €200 million in productivity savings through 2028. The company plans to unveil multi-year financial targets and operating plans at an investor day later this year. For deeper insights, InvestingPro offers 8 additional ProTips for NOMD, plus comprehensive Pro ...
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