Aramark price target raised to $38 from $37 at Baird

Baird analyst Andrew Wittmann raised the firm’s price target on Aramark to $38 from $37 and keeps a Neutral rating on the shares. The firm said they reported better than expected results as inflationary pressures continue to moderate, providing tailwinds through at least F1H25 and supplementing internal cost actions surrounding supply chain/purchasing power optimization.