Morgan Stanley Sees Solid Yet Unremarkable Quarter For El Pollo LoCo Holdings Inc
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
|Nov 2016||Wells Fargo||Downgrades||Outperform||Market Perform|
|Nov 2016||William Blair||Downgrades||Outperform||Market Perform|
|Jul 2016||Stifel Nicolaus||Downgrades||Buy||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.