Aramark price target raised to $42 from $37 at Truist

Truist raised the firm’s price target on Aramark to $42 from $37 and keeps a Buy rating on the shares. The firm sees further headroom for multiple expansion with the stock still trading at a 20% discount to its closest peer, Compass Group, the analyst tells investors in a research note. Aramark can continue narrowing the fundamental performance gap to the market leader over the next 24 months, the firm added.