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March 20, 2013
07:40 EDTTRLGTrue Religion CEO departure may be positive for an acquirer, says Brean Capital
Brean Capital reiterated its Buy rating on True Religion following the announcement its CEO would be stepping down. The firm believes a potential acquirer would look more favorably on the company looking to bring in its own management team. If a buyer does not emerge the firm believes the interim CEO will be highly competent. Brean Capital reiterated its Buy rating and $32 price target.
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