BofA upgrades Sara Lee (SLE +1.9%) to a Buy rating with a $21 price target, citing three...

|By:, SA News Editor

BofA upgrades Sara Lee (SLE +1.9%) to a Buy rating with a $21 price target, citing three principal drivers for shares: (1) growth in coffee sales; (2) $180M-$200M in potential cost savings; (3) reduced input costs. Also in the hopper for SLE is $545M it expects to realize from the sale of its dough business to Ralcorp (RAH +1.1%).