Why This Aramark Analyst Is Raising Forecasts After Mixed Q4 Results
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Aramark (NYSE:ARMK) Monday reported upbeat earnings for its fiscal fourth quarter.
The Philadelphia-based company announced a “material” share repurchase in fiscal 2025, for the first time in nearly eight years, according to Truist Securities.
Analyst Jasper Bibb maintained a Buy rating on Aramark, while raising the price target from $42 to $46.
Aramark Thesis: The company’s total revenues grew by 5% year-on-year to $4.417 billion, missing the consensus of $4.455 billion possibly due to incremental forex headwinds, Bibb said in the note.
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