Leadership at True Religion Apparel (TRLG) Changes Hands as Co. Prepares to be Acquried

March 20, 2013 1:19 PM EDT
Get Alerts TRLG Hot Sheet
Price: $31.98 --0%

Rating Summary:
    3 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Brean Capital today maintained a Buy rating on True Religion Apparel (NASDAQ: TRLG) with a price target of $32.00. Yesterday the company announced that its founder and CEO Jeff Lubell will step down.

Commenting on developments, analyst Eric Beder said, "We believe the management change creates a situation where potential acquirers, with the ability to bring in their own management team (with limited severance costs), will look even more favorably to buy TRLG. Further, if a deal is not completed, we believe Lynne will be a highly competent CEO who will be able to drive more visible and consistent returns."

For an analyst ratings summary and ratings history on True Religion Apparel (NASDAQ: TRLG) click here. For more ratings news on True Religion Apparel click here.

Shares of True Religion Apparel closed at $27.16 yesterday.

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