Aramark price target raised to $39 from $36 at Oppenheimer

Oppenheimer raised the firm’s price target on Aramark to $39 from $36 and keeps an Outperform rating on the shares. The firm notes CEO John Zillmer was upbeat and suggested the company’s new business pipeline is still near record levels. Demand is solid across all regions and verticals, particularly B&I, Sports & Leisure, Corrections, and Healthcare. Pricing should continue to be a tailwind as inflation moderates and offsets any inflationary cost pressures, Oppenheimer adds.