Sara Lee Corp. (SLE)

We still hold an Outperform rating on <b>Sara Lee</b> (<a href=http://www.zacks.com/stock/quote/sle>SLE</a>) shares to reflect our favorable view of management&#39;s various initiatives to achieve growth and streamline operations. <p> The company&#39;s Transformation Plan is expected to generate sales growth in the range of 4% to 5% and earnings growth in the range of 5% to 8% by next year. Further, the company is executing a series of global projects to generate cost savings in the range of $350 million to $400 million by fiscal 2012. <p> The company is focused on more attractive product lines that have better potential for profitable growth in the long-term.

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