Market Overview

True Religion May Have Increased Odds For Sale With Recent Management Move

Share:

Since Jeff Lubell, the CEO of True Religion (NASDAQ: TRLG) stepped down Tuesday night, the odds of the company being purchased have increased, according to Brean Capital analyst Eric Beder.

Beder noted that the management change has presented a scenario where the potential buyer could implement its own management team at a much lower cost, which he believes would be the main catalyst for making the move.

In the event that True Religion is purchased, he believes that $32 per share would be the minimum level based on price-to-earnings valuations.

TRLG most recently closed at $27.16 on Tuesday, March 19th.

Latest Ratings for TRLG

DateFirmActionFromTo
Jul 2013DowngradesBuyHold
May 2013DowngradesStrong BuyNeutral
May 2013DowngradesBuyNeutral

View More Analyst Ratings for TRLG
View the Latest Analyst Ratings

Posted-In: Analyst Color M&A News Analyst Ratings

 

Related Articles (TRLG)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
CCOIRBC CapitalMaintains65.0
CRONBank of AmericaMaintains15.0
TSNBank of AmericaMaintains98.0
AEISDA DavidsonMaintains80.0
MORFBMO CapitalMaintains30.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

UPDATE: FBN Securities Initiates Concur Technologies at Sector Perform on Position In Travel & Entertainment Market

UPDATE: New Mountain Finance Corporation Announces Pricing of Primary Offering of 2M Shares of Common Stock and Secondary Offering of 4M Shares of Common Stock on Behalf of Selling Stockholder