Nomura Securities Starts ARAMARK Holdings (ARMK) at Buy

Nomura Securities initiates coverage on ARAMARK Holdings (NYSE: ARMK) with a Buy rating and a price target of $39.00.

Analyst Dan Dolev commented, "We initiate coverage of Aramark (ARMK) with a Buy rating and $39 target price. Margin improvement is ARMK’s primary medium-term catalyst, and its magnitude a key investment consideration. Management targets ~100bps improvement by FY18, but our detailed analysis points to twice as much potential thanks to ARMK’s outsized exposure to the U.S. and the waning dilutive impact of new business. The prospect of margin growth, significant scale, strong earnings visibility, and a promising management team make ARMK particularly attractive, in our view."

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 $33.93 yesterday.

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