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Goldman Sachs Starts ARAMARK Holdings (ARMK) at Neutral

January 21, 2014 8:01 AM EST Send to a Friend
Get Alerts ARMK Hot Sheet
Price: $26.30 -0.45%

Rating Summary:
    8 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 20 | New: 23
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Goldman Sachs initiated coverage on ARAMARK Holdings (NYSE: ARMK) with a Neutral rating and price target of $26.00.

Analyst Michael Kelter said, "We see Aramark as a solid company with stable and dependable sales and profit streams. We believe there is potential for stable mid-single digit revenue growth (with a long runway for future expansion), some margin expansion over time from cost cuts/efficiencies, and ongoing FCF deployment. In the near to mid-term, we believe excess cash is likely to go towards de-leveraging the balance sheet, thus potentially providing a boost to EPS. This said, we see the visibility towards future margin increases as somewhat limited and we see the shares as fully valued at current levels."

For an analyst ratings summary and ratings history on ARAMARK Holdings click here. For more ratings news on ARAMARK Holdings click here.

Shares of ARAMARK Holdings closed at $24.51 yesterday.




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