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4 stories mentioning ARMK

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Wire

Aramark's Data Center Opportunity Could be Larger than Expected, Oppenheimer Says

Aramark's (ARMK) data center opportunity could be larger than expected while its core business appears to be hitting its stride, Oppenheimer said in a Thursday note.The report said the company is ramping up its first data center win and should operate about 12 locations by the end of next year and 30 to 40 by the end of the following year.The note said its base business appears to be gaining share, and food and labor inflation should not pose a problem to margins. It also said the firm could initiate an accelerated share buyback on an expected decline in its net leverage."Overall, the core business is performing well and the DC opportunity could be larger than expected," the report said.Oppenheimer retained its outperform rating and increased its price target to $60 from $50.Price: $54.02, Change: $+0.72, Percent Change: +1.34%

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Wire

Aramark Q2 Organic Revenue Beat Drives Higher Growth Outlook, Morgan Stanley Says

Aramark's (ARMK) fiscal Q2 organic revenue exceeded estimates, helping drive management to target the upper end of its annual organic revenue growth guidance range, while year-to-date new business wins totaled $1 billion as forward key performance indicators remain strong, Morgan Stanley said Wednesday.Positive key metrics like a 98% retention rate and accelerating new wins support ongoing strong performance. Aramark's year-to-date gross new wins compare with $1.6 billion for all of fiscal 2025, putting the company on track for another record year of wins.Aramark's recent hyperscaler win is now the largest contract in its portfolio, at "well over" $100 million normalized annual run rate per location under contract, and should ultimately generate several hundred million dollars over the contract duration, the brokerage added.The firm sees potential upside from the World Cup per-cap spend and views the months into September as key for new education sector wins, backing management's belief of 2026 being a very strong year for new business, according to the note.Morgan Stanley reiterated its equal weight rating on Aramark and raised the price target to $50 from $45.Price: $49.37, Change: $+0.96, Percent Change: +1.98%

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Wire

UBS Adjusts Aramark Price Target to $56 From $48, Maintains Buy Rating

Aramark (ARMK) has an average rating of overweight and mean price target of $52.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $49.10, Change: $+0.70, Percent Change: +1.45%

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Stocks Down Pre-Bell as Trump Warns US-Iran Ceasefire Fragile; Inflation Data on Deck
US Markets

Stocks Down Pre-Bell as Trump Warns US-Iran Ceasefire Fragile; Inflation Data on Deck

US equity futures were pointing lower on Tuesday as investors assess President Donald Trump's latest comments on the US-Iran ceasefire and await a key inflation report.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% in premarket activity. The indexes finished the previous trading session up, with the S&P 500 and the Nasdaq logging new closing highs.The ceasefire agreement between the US and Iran is on "massive life support," Trump told reporters on Monday, according to several media outlets. "I would call it the weakest, right now, after reading that piece of garbage they sent us - I didn't even finish reading it," Trump reportedly said.Trump on Sunday rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Tehran's proposal, delivered via mediator Pakistan, reportedly sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression.West Texas Intermediate crude oil increased 3.2% to $101.16 a barrel before the opening bell, while Brent advanced 2.9% to $107.27.Trump is scheduled to arrive in China Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday."The US will want China to use its influence with Tehran, especially because China is a major buyer of Iranian oil," Saxo Bank Chief Investment Strategist Charu Chanana said in a report Monday. "China, meanwhile, wants energy security and stable shipping lanes, but it is unlikely to appear as if it is acting under US instruction."The consumer price index report for April is scheduled for an 8:30 am ET release. Official data are expected to show that consumer inflation rose 0.6% and 3.7% on sequential and annual bases last month, according to a Bloomberg-compiled consensus.Treasury yields were trending higher in premarket action, with the two-year rate rising 2.4 basis points to 3.97% and the 10-year rate adding 1.9 basis points to 4.43%.The National Federation of Independent Business small business optimism index posted a 0.1-point increase for April to 95.9.Sea (SE), JD.com (JD), On Holding (ONON), Tencent Music Entertainment (TME), Aramark (ARMK) and Under Armour (UA, UAA) are scheduled to report their latest financial results before the bell, among others.Gold declined 0.6% to $4,701 per troy ounce, while bitcoin fell 1.5% to $80,679.

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