El Pollo Loco (LOCO) PT Raised to $17 at DA Davidson
DA Davidson analyst Matt Curtis raised the price target on El Pollo Loco (NASDAQ: LOCO) to $17.00 (from $15.00) while maintaining a Neutral rating.
The analyst commented, "2Q results modestly exceeded expectations, reflecting consistent SSS momentum, successful menu innovation, strong loyalty/digital engagement, and improving operational execution. FY26 guidance was raised as sales trends remained healthy in July, supported by LTO launches, targeted marketing, and digital growth. While we continue to await greater evidence of geographic portability outside CA, we remain encouraged by strong new-unit performance in newer markets and growing franchised development interest. Reiterate NEUTRAL and raise PT to $17 (8x FY27 EV/EBITDA)."