Central European Distribution (CEDC) Shares Jump as Deutsche Bank Upgrades Two Notches to Buy

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Shares of Central European Distribution (NASDAQ: CEDC) have just surged well into positive territory as a Deutsche Bank analyst just upgraded the stock by two notches from Sell to Buy. The analyst's price target was raised from $3 to $4.

Deutsche Bank questioned whether bad news in Central European shares is now all priced in, suggesting the situation may be "too bad to be true." The firm said the company's turnaround seems to be close and that default is not likely.

Central European shares are now up more than 4 percent to over $3.02.

For an analyst ratings summary and ratings history on Central European Distribution click here. For more ratings news on Central European Distribution click here.

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