Jefferies Upgrades Aramark to Buy, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Stephanie Moore has upgraded Aramark (NYSE:ARMK) from Hold to Buy, but lowered the price target from $44 to $29.
October 09, 2023 | 9:10 am
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POSITIVE IMPACT
Aramark's stock has been upgraded to Buy by Jefferies, but the price target has been lowered from $44 to $29.
The upgrade to Buy indicates a positive outlook for Aramark's stock. However, the lowering of the price target may indicate a slower growth rate than previously expected. This could lead to mixed reactions in the market, but overall, the upgrade to Buy is likely to have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100