- Oppenheimer weighs in on Aramark (ARMK +3.2%) after meeting with management.
- "Aramark continues to perform remarkably well despite COVID-19 headwinds. We anticipate a meaningful return to growth as live sports resume, higher education returns to normal, and visitors flock to national parks during the coming spring/summer months."
- Aramark's recently enhanced sales force is said to be proactive in the relatively healthy bidding environment, and is focused on higher bid quality, rather than just chasing RFPs.
- Oppenheimer expects ARMK topline growth to accelerate to the the mid single digits from the current 2% to 4% pace.
- The firm keeps an Outperform rating in place.
- The Seeking Alpha Quant Rating on Aramark is Bearish.