MATLAB: Avoid for loop in a specific code

avoid for loopMATLAB

Could anyone help me if there is any way to avoid for loop in the following code: Both Target and predicted_target are vectors with n rows and one column. 
new_classes=cell(size(Target,1),1);
for i=1:size(Target,1)
    if (strcmp(predicted_target(i),Target{i}))
        new_classes{i}=strcat('c',Target{i});
    else
        new_classes{i}=strcat('E',Target{i});
    end
end

Best Answer

predicted_target = {'1'; '0'; '0'; '1'};
Target = {'0'; '1'; '1'; '1'};
prefix = {'E'; 'c'}
new_classes = strcat(prefix(strcmp(predicted_target,Target)+1),Target)
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