Aramark price target raised to $46 from $42 at Truist

Truist analyst Jasper Bibb raised the firm’s price target on Aramark (ARMK) to $46 from $42 and keeps a Buy rating on the shares after its Q4 earnings results. The firm remains bullish on prospects for multiple expansion at Aramark, with market share gains, a narrowing margin gap, and more tolerable leverage levels, the analyst tells investors in a research note. Aramark management was also still upbeat on its sales pipeline during the earnings call, Truist added.