Aramark price target raised to $51 from $45 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Aramark (ARMK) to $51 from $45 and keeps a Buy rating on the shares. Aramark outperformed the market after strong Q2 results and raised organic growth guidance, driven by 12% organic revenue growth and solid net new business wins, while investors also reacted positively to added detail on its Nexus platform, which could contribute higher-margin, incremental revenue beyond current guidance and support continued upside as the initiative scales, the analyst says in a research note.