Deutsche Bank Reaffirms Buy Rating On Sara Lee (SLE)

Deutsche Bank maintains its Buy Rating on Sara Lee SLE after its fiscal Q2 earnings report. In the report, Deutsche Bank states, “operating EPS of $0.24 was $0.03 below our est. and $0.01 below consensus. Sales were down 0.4% although we view the balance between volume (-5.8%) and price/mix (+6.7%) as reasonable. EBIT was $251 mil, below our $280 mil est., with MAP spend up 2%. Non-operating items weren't a factor.” Deutsche Bank also maintained its $21 Price Target. Shares of Sara Lee is trading unchanged in the premarket following Tuesday's close of $17.15.