Brean Murray Carret & Co. Reiterates a 'Buy' on True Religion Apparel (TRLG); The Lazarus Stock

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Brean Murray Carret & Co. reiterates a 'Buy' on True Religion Apparel (NASDAQ: TRLG) price target raised from $32 to $37.

Analyst, Eric Beder, said, "We are reiterating our rating, raising our price target, tweaking our FY12 EPS estimate to $1.95 (from $1.94) and increasing our FY13 EPS estimate to $2.27 from $2.20 after TRLG reported better-than-expected Q1...We believe the company is making the right strides in order to enhance the brand image on a global basis and become more competitive within the wholesale and international markets..."

For an analyst ratings summary and ratings history on True Religion Apparel click here. For more ratings news on True Religion Apparel click here.

Shares of True Religion Apparel closed at $27.88 yesterday, with a 52 week range of $24.71-$37.82.

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