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Fly News Breaks for November 19, 2015
ARMK
Nov 19, 2015 | 07:59 EDT
After Aramark provided roughly in-line fiscal 2016 guidance, Wells Fargo thinks that the guidance was probably better than feared, since the stock had dropped 12% over the last three months on worries about labor costs and adverse foreign exchange fluctuations, according to the firm. Wells continues to believe that the company's margin and multiple will expand in fiscal 2016. It keeps an Outperform rating on the shares.
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