Morgan Stanley raised the firm’s price target on Aramark (ARMK) to $42 from $40 and keeps an Equal Weight rating on the shares. Organic growth “underwhelmed again” in Q2, but management noted increasing momentum through the quarter and maintained fiscal year guidance, which investors had worried was at risk, the analyst says in a post-earnings note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARMK:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue