Deutsche Bank Has Buy On Sara Lee

Deutsche Bank is out with a research report on Sara Lee SLE and it has a Buy rating and a $22 price target on shares. In a note to clients, Deutsche Bank writes, "Sara Lee has been our top 2011 pick and continues to occupy that position. We continue to see risk / reward skewing favorably both in terms of fundamental valuation and strategic optionality. Combined with insider buying, very modest debt, $3 special cash dividend, we also see minimal downside." Shares of SLE gained 20 cents on Friday to close at $18.49.