Goldman Sachs Initiates Coverage On Aramark with Buy Rating, Announces Price Target of $33
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Lizzie Dove has initiated coverage on Aramark (NYSE:ARMK) with a Buy rating and set a price target of $33.
January 17, 2024 | 9:59 am
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Goldman Sachs has initiated coverage on Aramark with a Buy rating and a price target of $33, indicating a positive outlook for the stock.
Analyst ratings, especially from prominent firms like Goldman Sachs, can significantly influence investor sentiment and stock prices. A Buy rating typically suggests that the analyst believes the stock will outperform the market or its sector, leading to potential short-term price increases. The announcement of a specific price target provides a benchmark for investors, indicating the analyst's expectation of the stock's future performance. Given that this is a new coverage initiation, it may attract additional investor attention to Aramark.
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