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Fly News Breaks for March 18, 2019
ARMK
Mar 18, 2019 | 07:11 EDT
Nomura Instinet analyst Dan Dolev downgraded Aramark to Neutral from Buy and cut his price target for the shares to $28 from $46. While the company's "significant scale" in North America should drive consistent 5%-plus organic growth, "execution mishaps and inability to win sufficient new business" resulted in just 2%-3% organic growth versus 7%-8% for main competitor Compass, Dolev tells investors in a research note titled "O Activist, Where Art Thou?"
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