Brean Murray Carret & Co. Downgrades True Religion Apparel (TRLG) to Hold; Moving To The Sidelines
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Price: $31.98 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Brean Murray Carret & Co. downgraded True Religion Apparel (NASDAQ: TRLG) to Hold.
Brean analyst said, "...As guidance illustrates no sign of international margin expansion or YoY domestic wholesale growth, we prefer to remain on the sidelines until TRLG has a better grasp over its expanded platform and rebuilds credibility with investors. We believe after the inevitable material fall in TRLG today that the stock will remain range bound until some semblance of credible bottom line momentum returns."
Brean lowers FY12 EPS estimate from $2.40 to $1.94 and FY13 from $2.98 to $2.20.
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 $36.74 yesterday.
Brean analyst said, "...As guidance illustrates no sign of international margin expansion or YoY domestic wholesale growth, we prefer to remain on the sidelines until TRLG has a better grasp over its expanded platform and rebuilds credibility with investors. We believe after the inevitable material fall in TRLG today that the stock will remain range bound until some semblance of credible bottom line momentum returns."
Brean lowers FY12 EPS estimate from $2.40 to $1.94 and FY13 from $2.98 to $2.20.
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 $36.74 yesterday.
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