Sara Lee, Visa and Zynga Reach New Stock Price Highs Today
Sara Lee Corp. (NYSE:SLE): Sees FY12 revenue $7.9B-$8.15B vs. consensus $8.19B. Sees FY12 adjusted operating income $875M-$930M. Sees FY tax rate 33.4%. The shares closed at $19.85, up $0.83 or 4.36% on the day. They have traded in a 52-week range of $15.66 to $19.80.
Visa Inc. (NYSE:V): U.S. auto sales in January jumped 11% over a year ago to their fastest pace in almost four years. A number of auto makers, showing new confidence in the U.S. economy, revealed billion-dollar expansions of their American factories, reports the Wall Street Journal. The shares closed at $106.06, up $3.55 or 3.46% on the day. They have traded in a 52-week range of $70.45 to $104.20.
Zynga Inc. (NASDAQ:ZNGA): Piper Jaffray believes Facebook’s preliminary prospectus provides a positive read through to Zynga. The firm sees an expanding addressable market opportunity for Zynga due to Facebook’s growing user base and reiterates an Overweight rating on the stock with an $11 price target. The shares closed at $12.38, up $1.78 or 16.79% on the day. They have traded in a 52-week range of $7.97 to $11.50.
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