Baird lowered the firm’s price target on LKQ Corp. (LKQ) to a range of $40-$45 from $60 and keeps an Outperform rating on the shares. The firm reduced estimates following the company’s weaker than expected Q2 report. LKQ is facing headwinds in its major markets that are proving to be very challenging, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LKQ: