Deutsche Bank Has Buy Rating On Central European Distribution (CEDC)

Deutsche Bank has a Buy rating and a $36 price target on Central European Distribution Corp CEDC. In a note sent to clients, Deutsche Bank writes, "CEDC has signed a binding agreement accelerating its 2013 call option on the acquisition of the remaining 20% stake in Whitehall. In addition to this, the company has acquired the global brand rights for Kaufman Vodka, one of the leading super-premium vodkas in Russia being exported to 25 countries." Shares of CEDC gained 2 cents yesterday to close at $24.04.