Aramark: Nexus momentum; reiterate Buy

研报英文原文证据摘录

Aramark: Nexus momentum; reiterate Buy

Deutsche Bank

Research

Rating Company Date

Buy Aramark 23 July 2026

Company Update

North America

United States

Reuters Bloomberg Exchange Ticker Price at 22 Jul 2026 (USD) 56.63

ARMK.N ARMK US NYS ARMK

Price Target 65.00

Industrials

52-week range 58.15 - 36.04

Business & Professional

Services

Nexus momentum; reiterate Buy

Valuation & Risks

Faiza Alwy

New win with data center co-location provider Research Analyst

Aramark announced a multi-year partnership with a leading AI data center co- +1-212-250-7611

location provider across multiple locations, including Wyoming and Texas,

Avi Sharma

providing premium hospitality and workforce support services through Nexus. We Research Associate

view the announcement as further reinforcing the data center growth opportunity +1-212-250-7226

and demonstrating traction across a broader set of participants in the AI

Sophie Sheng

infrastructure ecosystem.

Research Associate

+1-212-250-9954

The company also noted that it began operations at its previously announced Texas

contract several weeks ago. As we previously noted, the first Texas site is likely the

Caprock community supporting the Meitner Energy Center, where Aramark is

directly contracted with Google. For context, management previously indicated

that each of the two sites awarded under the initial contract is expected to generate

more than $100m of annual revenue per site.

Our forecasts are unchanged and contemplate contributions from the two

previously announced Nexus sites beginning in FY27. We see upside to our FY26

estimates given that operations have begun at the earlier announced sites though

we suspect that the ramp-up to full occupancy will take some time. Given the new