UPDATE: Goldman Sachs Raises Sara Lee's PT
According to a research report released earlier today, Goldman Sachs has increased Sara Lee Corp.'s (NYSE: SLE) PT from $20 to $21.
In the report, Goldman Sachs commented, “As we detail within this report, we see a multi-year growth ramp ahead for the business and recommend that investors buy SLE now to effectively take ownership of Coffee Coat a discounted price. Meat Co, meanwhile, offers its own appeal with cost cuts fueling earnings growth this year and next.”
Goldman Sachs reiterates its Buy rating on Sara Lee, which closed yesterday at $20.04.
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