Aramark price target raised to $45 from $39 at Jefferies

Jefferies raised the firm’s price target on Aramark (ARMK) to $45 from $39 and keeps a Buy rating on the shares. The aftermath of the pandemic proved more positive than expected for the catering industry and the firm is confident that the ongoing growth acceleration is sustainable as outsourcing continues to develop, but still recommends being selective in stock-picking, the analyst tells investors.