In a report published Friday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on El Pollo Loco Holdings Inc LOCO, and raised the price target from $27.00 to $28.00.
In the report, Morgan Stanley noted, "Solid 4Q top line results, including strong comps against tougher compares, led to a high quality beat. '15 guidance solid despite greater headwinds from inflation, medical claims and back-end loaded openings, with key elements - comps and openings - inline. Raising '15e EPS to $0.68 and PT to $28."
El Pollo Loco closed on Thursday at $24.00.
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