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

|About: True Religion Apparel, Inc. (TRLG)|By:, 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.