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Fly News Breaks for March 9, 2018
LOCO
Mar 9, 2018 | 06:06 EDT
Jefferies analyst Andy Barish views El Pollo Loco's fiscal 2018 guidance as prudent given the company's near-term challenges. However, with the shares at 7.5 times 2019 EBITDA estimates, investors are undervaluing El Pollo's same-store-sales drivers, growth discipline and new leadership potential, Barish tells investors in a research note titled "Nothing broken, just reset. Loco not to Buy at this valuation!" The analyst lowered his price target for the shares to $12 from $14 and keeps a Buy rating on the name.
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