Soleil Securities Initiates Coverage on Sara Lee (SLE) with a Hold
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Soleil Securities initiates coverage on Sara Lee Corp (NYSE: SLE) with a Hold. Price target $15.
Soleil analyst says, "Despite some progress on the turnaround, we believe pricing will remain behind the curve of commodity inflation due to vulnerabilities in the product portfolio where too much is comprised of legacy products with poor mix, or low profit and sales values per pound, and also from food items that are emerging as more branded categories, such as fresh bread, sausage and other meats, but where branding is still not strong and less expensive store-branded options are still prevalent."
Sara Lee Corp. (Sara Lee) is a global manufacturer and marketer of brand-name products for consumers worldwide focused primarily on the meats, baking, beverage and household products categories.
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