RBC Capital has decided to maintain its Sector Perform rating of Aramark ARMK and raise its price target from $38.00 to $45.00.
Shares of Aramark are trading down 0.07% over the last 24 hours, at $40.52 per share.
A move to $45.00 would account for a 11.06% increase from the current share price.
Aramark provides food, facilities, and uniform services to a variety of clients and institutions. The majority of company revenue comes from its North American food and support services segment. Smaller but substantial segments include food and support services international and uniform and career apparel. The food and support services segments provide food for school districts; colleges; healthcare facilities; correctional institutions; and business, sports, and entertainment venues. The uniform segment rents, delivers, cleans, and maintains work clothes and ancillary items like towels and mats to customers in North America and Japan. The company has hundreds of service locations and distribution centers across the United States and Canada.
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