True Religion Apparel Inc. (NASDAQ:TRLG): Brean Capital decided to keep its Buy rating on the company after it announced that its CEO would step down. The firm is convinced that a potential acquirer would find it more favorable for the company to bring in its own management team. If a buyer does not emerge the firm is convinced that the interim CEO will be highly competent. Brean Capital keeps its Buy rating and $32 price target on the tock.
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