RBC Capital Maintains Sector Perform on Aramark, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Ashish Sabadra has maintained a 'Sector Perform' rating on Aramark (NYSE:ARMK), but lowered the price target from $48 to $43.
September 25, 2023 | 2:05 pm
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Aramark's price target has been lowered from $48 to $43 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in Aramark's stock value in the short term. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100