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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in