Aramark price target raised to $40 from $38 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Aramark (ARMK) to $40 from $38 and keeps an Equal Weight rating on the shares. The firm increased its FY25 and FY26 adjusted AOI estimates by 1.5% and 3%, respectively, after the company reported light Q4 organic growth, but about in line AOI and EPS and its outlook for FY25 was in line with expectations.