El Pollo Loco price target raised to $13 from $12 at Truist

Truist raised the firm’s price target on El Pollo Loco (LOCO) to $13 from $12 and keeps a Hold rating on the shares. Despite the challenging macro environment, the company’s same-store sales have been consistent in Q4 and into Q1, driven by a combination of marketing, menu innovation, operational improvements, and digital, all of which are sustainable, the analyst tells investors in a research note.