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Nomad Foods Price Targets Decline Amid Rising Input Costs
Barclays and Deutsche Bank have lowered their price targets for Nomad Foods Limited (NYSE:NOMD) due to concerns about rising input costs and geopolitical instability. Barclays reduced its target from $13 to $12 while maintaining an Overweight rating, citing higher input costs impacting the food sector. Deutsche Bank downgraded the company from Buy to Hold, lowering its target from $15 to $10, highlighting cost pressure from the Iran conflict and potential demand headwinds in Europe.