UPDATE: Morgan Keegan Upgrades CEC Entertainment to Outperform

Morgan Keegan has upgraded CEC Entertainment

from Market Perform to Outperform in a research report out today. Presently, Morgan Keegan has a $44 price target on CEC Entertainment. In the report, Morgan Keegan writes, "Upgrade to OP from MP. We are raising our rating on CEC based on our belief that FY2012 will prove a stronger year and its relatively attractive valuation." Shares of CEC Entertainment are currently trading at $38.19, up 1.65% from yesterday's close.