Brean Murray Carret: True Religion Apparel Poised for Further Strength in 2012

In a research report released today, Brean Murray Carret & Co. says that True Religion Apparel Inc.

is set to announce strong results and impressive guidance on the 4Q conference call February 9. According to Brean Murray Carret & Co., “We believe True Religion ended 2011 in extremely strong shape in terms of financial results and inventory position and is poised in 2012 to stem the declines in the increasingly unimportant domestic wholesale business and, more importantly, begin to register operating leverage and continued double-digit top line expansion in the international segment, as True Religion continues to aggressively roll out stores and capitalize on their position as one of the few Made in America denim brands.” Brean Murray Carret & Co. reiterates its Buy rating and $42 PT on True Religion Apparel, which closed Friday at $36.18.