Market Overview

Morgan Stanley Sees Solid Yet Unremarkable Quarter For El Pollo LoCo Holdings Inc

Share:
Related
10 Stocks That Rallied Four Days, Then Sold Off Yesterday
20 Biggest Mid-Day Losers For Friday

In a report published Friday, Morgan Stanley analyst John Glass reiterated an Underweight rating and $22.00 price target on El Pollo LoCo Holdings Inc (NASDAQ: LOCO).

In the report, Morgan Stanley noted, “Inaugural Q results solid though largely within expectations. SSS guidance suggests momentum continues into 3Q, and unit development remains on track. Higher pro forma tax rate offset these positives and our EPS est remains unchanged at 53c for '14. Fundamentals solid, but valuation still stretched.”

El Pollo LoCo Holdings closed on Thursday at $34.79.

Latest Ratings for LOCO

DateFirmActionFromTo
Nov 2016Wells FargoDowngradesOutperformMarket Perform
Nov 2016William BlairDowngradesOutperformMarket Perform
Jul 2016Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for LOCO
View the Latest Analyst Ratings

Posted-In: John Glass Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (LOCO)

View Comments and Join the Discussion!