Deutsche Bank Maintains Buy Rating and $19 PT on Sara Lee

A report from Deutsche Bank reiterates its Buy rating and $19 price target on Sara Lee (NYSE: SLE).

The report states, “Despite FX and input cost volatility, we continue to see risk / reward skewing favorably in terms of fundamental valuation and strategic optionality. Pro-forma valuation and an ongoing 3% dividend yield are compelling. Insider buying and a $3 special cash dividend, also point to minimal downside."

SLE closed yesterday at $17.36.