Morgan Stanley Reiterates Equal-Weight, Raises PT On El Pollo Loco Following Solid 4Q Top Line Results

In a report published Friday, Morgan Stanley analyst John Glass reiterated an Equal-Weight rating on El Pollo Loco Holdings Inc (NASDAQ: 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.