Wells Fargo Upgrades Sara Lee (SLE) to Outperform; Brewing Up Value Creation

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October 11, 2011 7:24 AM EDT
Get Alerts SLE Hot Sheet
Price: $2.27 -32.44%

Rating Summary:
    5 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wells Fargo upgraded Sara Lee (NYSE: SLE) from Market Perform to Outperform with a price target range of $19-$21 (from $17-19).

Wells analyst says, "We believe that Sara Lee's current share price does not appropriately reflect the value-creation opportunities likely to be created by the planned split-up of the company, which is on-track to be completed by mid 2012. We see significant potential for the independent coffee and meat companies to unlock shareholder value by accelerating top-line growth while improving margins. As a result, we are raising our FY2013 EPS estimate to $1.15 from $1.10."

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 $16.71 yesterday.

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