JP Morgan Maintains Overweight on Aramark, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Andrew Steinerman maintains an Overweight rating on Aramark (NYSE:ARMK), but has lowered the price target from $47 to $35.
October 16, 2023 | 2:28 pm
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JP Morgan maintains an Overweight rating on Aramark, but lowers the price target from $47 to $35.
The news of JP Morgan lowering the price target for Aramark could potentially lead to a decrease in the stock's price in the short term. Investors may interpret this as a sign of decreased confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100