Goldman Sachs Resumes Sara Lee (SLE) at Buy, Confusion Create Opportunity

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Goldman Sachs resumed coverage on Sara Lee (NYSE: SLE) with a Buy rating and $19 price target.

The firm said their is confusion and cost concerns after the company's plans to split in two, which creates a buying opportunity.

The firm sees 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."

For more ratings news on Sara Lee click here and for the rating history of Sara Lee click here.

Shares of Sara Lee closed at $16.76 yesterday, with a 52 week range of $12.83-$20.26.

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