Aramark price target raised to $50 from $43 at Oppenheimer

Oppenheimer raised the firm’s price target on Aramark (ARMK) to $50 from $43 and keeps an Outperform rating on the shares. The firm anticipates another clean quarter when Aramark reports Q2 results in early May. On the call, Oppenheimer expects management to provide more detail on the data center opportunity, which it believes could ultimately add more than 100bps to top-line growth.