El Pollo Loco price target lowered to $11 from $13 at Truist

Truist lowered the firm’s price target on El Pollo Loco (LOCO) to $11 from $13 and keeps a Hold rating on the shares. The firm cites pressured near-term trends as the company’s comps turned negative in Q1 and April amid macro pressures, especially among its core Hispanic and lower income consumers, the analyst tells investors in a research note.