LKQ Corp. weakness a buying opportunity, says RW Baird Baird would use the weakness in LKQ Corp. as a buying opportunity citing an overreaction to a short report issued yesterday. The firm defended the integrity of management which was called into question and believes many of the assertions made were false and misleading. The firm maintains it Outperform rating and $38 price target.
LKQ Corp. should be bought at current levels, says William Blair William Blair believes the recent emergence of accident avoidance systems is a long-term incremental negative for the collision parts industry and LKQ Corp., not a "destructive near-term force." The firm expects the impact on collision activity will be modest over at least the next 10 years and likely over the next 40 years. It recommends buying shares of LKQ at current levels and keeps an Outperform rating on the stock.