Aramark price target raised to $39 from $36 at BofA

BofA raised the firm’s price target on Aramark to $39 from $36 and keeps a Buy rating on the shares. The firm thinks management’s accomplishments between 2020-23 were obscured by the overwhelming negative impact from COVID shutdowns, followed by disrupted supply chains and mounting cost inflation, but with those headwinds in the rear view, Aramark “appears well positioned to put even greater focus on execution,” the analyst tells investors in a post-earnings note.