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Fly News Breaks for November 16, 2016
ARMK
Nov 16, 2016 | 08:20 EDT
After Aramark reported lower than expected Q4 revenue, RBC Capital analyst Gary Bibee says that the company's results were "disappointing." However, the analyst expects the company's margins to rise by double digit percentage levels in the next few years, driven mainly by continued margin increases. He trims his price target on the stock to $41 from $42 but reiterates a Top Pick rating.
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