Aramark price target lowered to $42 from $45 at Stifel

Stifel lowered the firm’s price target on Aramark (ARMK) to $42 from $45 and keeps a Buy rating on the shares. Given Cintas’ (CTAS) "strong quarter," the firm doesn’t expect macro headwinds to impact the Uniforms division results and it expects Aramark’s commentary to be bullish around new deals and the potential for strong revenue growth, Stifel tells investors in an earnings preview note.