Standpoint Research Upgrades True Religion Apparel (TRLG) to Buy; Seeing Value Now

Standpoint Research upgraded True Religion Apparel (NASDAQ: TRLG) from Hold to Buy with a price target of $33.00.

Analyst, Ronnie Moas, said, "Once again TRLG shares have come down to where we see value. This is a stock we feel is fairly valued in the low $30s and undervalued in the mid $20s...This is not a normal situation because the TRLG store count should nearly double...from ~ 100 to ~ 200 (2011-2015) and will be ~ 300 by the end of the decade...Instead of focusing on current and near term issues, we prefer to focus on the store count looking out a few years and attaching a conservative valuation to each store...In other words, I don’t care if profit per store drops 10% if the store count (and the share price) is going to double in the next five years."

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 $26.61 yesterday.

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