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Aramark price target raised to $42 from $40 at Morgan Stanley

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.

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