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

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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

Jul 2013Brean CapitalDowngradesBuyHold
May 2013Tigress FinancialDowngradesStrong BuyNeutral
May 2013B. RileyDowngradesBuyNeutral

View More Analyst Ratings for TRLG
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Posted-In: Analyst Color News M&A Analyst Ratings


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