LKQ Corp. price target lowered to $60 from $65-$70 at Barrington

Barrington lowered the firm’s price target on LKQ Corp. to $60 from $65-$70 and keeps an Outperform rating on the shares. The company’s Q3 results fell short of expectations due to “unusual and transitory” events that in aggregate affected the short-term performance of European operations, the analyst tells investors in a research note. The firm says LKQ continued to experience strong organic revenue growth in its North American and European operations.