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 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in