Morgan Stanley Lowered Its EPS Estimates For Sara Lee, Maint

February 21, 2011

Morgan Stanley lowered its 2011 and 2012 EPS estimates for Sara Lee (NYSE:SLE) and maintained its equal-weight rating and $14.50 price target. The bank sees 2011 EPS $0.85, down from $0.89 per share, and 2012 EPS of $1.00, down from $1.08 per share.Sara Lee has a potential upside of 7.8% based on a current price of $16.98 and an average consensus analyst price target of $18.31.Sara Lee is currently below its 50-day moving average (MA) of $17.13 and should find support at its 200-day MA of $15.17. In the last five trading sessions, the 50-day MA has climbed 0.64% while the 200-day MA has risen 0.29%.