Aramark price target raised to $49 from $45 at Stifel

Stifel raised the firm’s price target on Aramark (ARMK) to $49 from $45 and keeps a Buy rating on the shares. Despite the stock’s strong run in 2024, the firm remains positive on the shares and believes the stock has further room to run. With the turnaround well on track, the company has started the process of returning capital to shareholders through the company’s recent $500M share repurchase authorization and 11% dividend raise, the first raise since 2018, Stifel adds.