Sara Lee (fka SLE)

[Bart Myers]

Goldman Sachs is out with its report today on Sara Lee (NYSE: SLE), moving the company from NR to Buy.

In a note to clients, Goldman Sachs writes, "We have removed the NR designation from SLE shares. We now rate SLE a Buy with a 12-month price target of $19. SLE has announced plans to split in two (Meat Co. and Coffee Co.) and is returning cash to shareholders. We see 34% total return potential based on (a) our sum-of-the parts valuation, (b) its strategic value as an M&A candidate and (c) the distribution of cash to shareholders in the form of a $3 special dividend."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/03/920020/goldman-sachs-has-buy-rating-on-sara-lee-sle#ixzz1GJ3mHW18