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

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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

Mar 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
Nov 2017BairdMaintainsNeutral
Aug 2017Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for LOCO
View the Latest Analyst Ratings

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


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