Oscar Gruss Upgrades Sara Lee (SLE) to Buy; Double Digit Discount Now Available
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Price: $18.50 --0%
Rating Summary:
5 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
5 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade SLE Now!
Oscar Gruss upgraded Sara Lee (NYSE: SLE) from Hold to Buy with a price target of $21.00 (from $21.25).
Analyst, Louis Meyer, said, "We are continuing coverage of the Sara Lee Corp. spin-off and special cash dividend transaction, raising our rating to BUY while revising our price target to $21.00. Our sum-of-the-parts value is based on: (1) €9.00/share ($10.45/share @ 1.27 Euro exchange rate) for coffee/tea spin-off D.E Master Blenders 1753 BV (EN Amsterdam-DE NA-€8.24), (2) $35.00/share valuation ($7.00/share per SLE share) for Hillshire Brands CO. (NYSE: HSH-WI) - the SLE North American foods business - which will effect a 1 for 5 reverse stock split post-spin), and (3) $2.45/share SLE special cash dividend ($3.00 taxed as income)."
For an analyst ratings summary and ratings history on Sara Lee click here. For more ratings news on Sara Lee click here.
Shares of Sara Lee closed at $18.61 yesterday, with a 52 week range of $15.66-$22.35.
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Analyst, Louis Meyer, said, "We are continuing coverage of the Sara Lee Corp. spin-off and special cash dividend transaction, raising our rating to BUY while revising our price target to $21.00. Our sum-of-the-parts value is based on: (1) €9.00/share ($10.45/share @ 1.27 Euro exchange rate) for coffee/tea spin-off D.E Master Blenders 1753 BV (EN Amsterdam-DE NA-€8.24), (2) $35.00/share valuation ($7.00/share per SLE share) for Hillshire Brands CO. (NYSE: HSH-WI) - the SLE North American foods business - which will effect a 1 for 5 reverse stock split post-spin), and (3) $2.45/share SLE special cash dividend ($3.00 taxed as income)."
For an analyst ratings summary and ratings history on Sara Lee click here. For more ratings news on Sara Lee click here.
Shares of Sara Lee closed at $18.61 yesterday, with a 52 week range of $15.66-$22.35.
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holders at closing of 14 june 2012
eric on Jun 22, 2012 07:08 AMMark as Spam | Reply to this comment
Sara lee 19 dollar
after the spinn off for a holder in one stock
2 common stock DE 16,68 dollar
special dividend 3 dollar
economic value 5 dollar and 77 cents
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