LKQ Corp. price target lowered to $65 from $70 at Roth MKM

Roth MKM lowered the firm’s price target on LKQ Corp. to $65 from $70 and keeps a Buy rating on the shares. The company’s Q3 results were lower than expected and its management cut guidance, but the underlying fundamentals of the core business are solid, the analyst tells investors in a research note. The firm further cites the recession-resistant nature of LKQ’s business model.