The Latest Analyst Ratings For Aramark
Portfolio Pulse from Benzinga Insights
Aramark (NYSE:ARMK) received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target for Aramark has been raised to $33.5, indicating a 4.69% increase from the previous target. Analysts from firms including Truist Securities, Morgan Stanley, RBC Capital, and Goldman Sachs have adjusted their ratings and price targets, reflecting changes in market conditions and Aramark's performance. Despite positive revenue growth, Aramark faces challenges in profitability, efficiency, and debt management compared to industry benchmarks.
March 20, 2024 | 1:00 pm
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POSITIVE IMPACT
Aramark's stock may see short-term positive movement due to the recent bullish shift in analyst ratings and the increase in the average 12-month price target to $33.5.
The increase in the average 12-month price target and the recent bullish analyst ratings suggest a positive outlook for Aramark's stock in the short term. Analysts from reputable firms adjusting their targets upwards indicates confidence in the company's future performance, potentially influencing investor sentiment and stock price positively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100