Aramark price target raised to $32 from $31 at UBS

UBS raised the firm’s price target on Aramark to $32 from $31 and keeps a Buy rating on the shares. Aramark enters 2024 as a “show-me” story following “disappointing” initial margin guidance for FY24, the analyst tells investors in a research note. While UBS likes the stock, the firm acknowledges that stock traction likely requires the company to execute on a stronger margin improvement trajectory.