NEW YORK (TheStreet) -- El Pollo Loco (LOCO - Get Report) shares are down -9.8% to $29.95 on Tuesday after multiple analysts made bearish calls on the fast food restaurant.
Analysts at Morgan Stanley (MS - Get Report) initiated coverage on the company with an "underweight" rating and $22 price target.
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Robert W. Baird initiated coverage with a "neutral" rating and $32 price target.
Stifel Nicolaus (SF - Get Report) initiated coverage with a "hold" rating.
The only firm to give the company a positive rating was William Blair, who started El Pollo Loco with an "outperform" rating.
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