Will These Coverage Initiations Affect El Pollo Loco (LOCO) Stock Today?

NEW YORK (TheStreet) -- El Pollo Loco  (LOCO) received a pair of coverage initiations on Tuesday.

William Blair initiated coverage with an "outperform" rating. The firm said the company can generate mid-teens annual earnings growth over the next three years, as it expands its store base.

Morgan Stanley, though, started coverage with an "underweight" rating and a $22 price target based on valuation.

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The stock was down 6.63% to $31 in pre-market trading on Tuesday.

LOCO Chart LOCO data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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