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True Religion Apparel (TRLG +10.8%) shares gap higher after the high-end denim retailer's Q3...

Nov. 02, 2011 10:16 AM ETTrue Religion Apparel, Inc. (TRLG) StockTRLGBy: Carl Surran, SA News Editor

True Religion Apparel (TRLG +10.8%) shares gap higher after the high-end denim retailer's Q3 report beats profit and revenue expectations, and the company says it entered into a new distribution agreement to expand its business in China. Same-store sales open at least a year rose 10.2%. Caris says shares are a buy at current levels; Brean Murray raises its price target.

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True Religion Apparel, Inc.