Goldman Sachs Raising Estimates On Sara Lee

Goldman Sachs is raising estimates on shares of Sara Lee

, and the price target goes to $22 from $19, but it has a Neutral rating on shares. In a note to clients, Goldman Sachs writes, "We are raising our estimates and price target on SLE ahead of a series of potential catalysts. We believe that restructuring and headcount reduction initiatives have been advanced in SLE's North American operations. When combined with the recent 14% percent drop in coffee costs, we raise our base case FY12 EPS estimate to $1.17, $0.10 ahead of our prior estimate and 13% above consensus. Our FY13/FY14 estimates rise to $1.35/$1.45, from $1.23/$1.33, on a higher base." Shares of SLE gained 17 cents yesterday to close at $19.43, a gain of 0.88%.