Aramark added to Analyst Focus List as value idea at JPMorgan

JPMorgan lowered the firm’s price target on Aramark to $35 from $47 and keeps an Overweight rating on the shares. The analyst also added the stock to the firm’s Analyst Focus List as a value idea following the spin-off of the company’s Uniform Services segment. While the last few months have been noisy for the Aramark, the firm’s research work indicates little has changed regarding the company’s ongoing Food & Support Services momentum, the analyst tells investors in a research note. The firm expects Aramark’s fundamental improvements to become more evident following the separation of Vestis, with recent dislocation in the stock “presenting an especially attractive entry point.”