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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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

LOCO Chart LOCO data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

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.

If you liked this article you might like

Most Restaurant Stocks Remain Tough to Swallow

Most Restaurant Stocks Remain Tough to Swallow

Why Hurricane Harvey Has Flooded These Restaurant Stocks With Sell Orders

Why Hurricane Harvey Has Flooded These Restaurant Stocks With Sell Orders

Week Ahead: Apple Earnings, Jobs Report on the Docket in Busy Start to May

Week Ahead: Apple Earnings, Jobs Report on the Docket in Busy Start to May

Stocks Turn Positive in Choppy Session After Solid U.S. Jobs Report

Stocks Turn Positive in Choppy Session After Solid U.S. Jobs Report