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Fly News Breaks for March 4, 2020
ARMK
Mar 4, 2020 | 05:18 EDT
Aramark shares have been oversold due to coronavirus concerns, Stifel analyst Shlomo Rosenbaum tells investors in a research note. Investors now have the opportunity to buy the shares at roughly the price the stock was trading at prior to the announcement that Mantle Ridge took its stake in the company, adds the analyst. Rosenbaum sees about 69% upside from current share levels price over the next few years and keeps a Buy rating on Aramark with a $51 price target.
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