Deutsche Bank Lowers Nomad Foods Limited (NOMD) Outlook as European Consumer Demand Softens

We recently compiled a list of the 10 Best Cheap Stocks Under $10 to Buy in April. Nomad Foods Limited is among the best cheap stocks to invest in. TheFly reported on March 30 that Deutsche Bank revised its rating on NOMD, lowering it from Buy to Hold and cutting the price target from $15 to $10. The analyst cited rising costs for oil- and energy-related inputs due to the Iran conflict, coupled with potential weakening in European consumer demand. Limited pricing flexibility and the risk of customers swit ...

Deutsche Bank Lowers Nomad Foods Limited (NOMD) Outlook as European Consumer Demand Softens - Reportify