Truist Securities analyst Jasper Bibb raised the price target for Aramark Holdings to $70.00 from $58.00. The firm maintained its Buy rating on the stock.
The upgrade follows Aramark's strategic expansion into data center servicing. Truist anticipates this move will trigger a multi-year cycle of upward estimate revisions.
Institutional interest in the company is also increasing. Entropy Technologies LP acquired a new position of 62,958 shares during the first quarter. This stake is valued at approximately $2.55 million.