Jefferies Continues To Recommend Central European Distribution
By Gordon Wilcox
March 08, 2010 2:16 PM
March 08, 2010 2:16 PM
Symbols: CEDC
Jefferies continues to recommend the shares of liquor distributor Central European Distribution (Nasdaq: CEDC) and has moved its 2010 EPS estimate in line with management's estimate of $2.50 to $2.65 a share while initiating a 2011 estimate of $3.05 a share.
Jefferies said in improvement in the Polish and Russian markets and the possible divestment of CEDC's Polish distribution business could be positive catalysts for the stock.
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