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Fly News Breaks for August 19, 2019
ARMK
Aug 19, 2019 | 07:14 EDT
Nomura Instinet analyst Dan Dolev upgraded Aramark to Buy from Neutral and raised his price target to $50 from $28. In a note entitled "O Activist Thanks for Showing Up," a follow up to his March report entitled "O Activist, Where Art Thou?," after Mantle Ridge and its associates disclosed a 20% combined stake in Aramark. Dolev updated his FY19 EPS expectations to $2.27 from $2.26 and his FY20 EPS expectations to $2.55 from $2.43.
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