Deutsche Bank Maintains Buy Rating for SLE

Deutsche Bank has issued a report reiterating the Buy Rating for Sara Lee SLE.

According to the report, "Our opinion remains BUY seeing risk / reward skewed positively between both current valuation vs. future M&A optionality. Sara Lee is no longer the typical packaged food stock, as evidenced by plans to split into two companies in F2012 or continued speculation about past / future bids."

Sara Lee has $21 PT and closed at $16.78 yesterday.