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Jefferies Maintains Buy Rating On Central European Distr.

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According to Jefferies, Central European Distr. (NASDAQ: CEDC) Buy rating is maintained.

Jefferies said that despite expectations of a weak Q2, it should see the company flush out the last in a litany of negative newsflow, with industry re-stocking in Russia set to drive substantial H2 volume, margin and earnings recovery. “Gearing remains at high levels, but the risk profile of the company has been improved through: 1/ the removal of loan covenants; and 2/ successful re-licensing in Russia.”

Central European Distr. closed yesterday at $9.52.

 

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Posted-In: JefferiesAnalyst Color Analyst Ratings

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