LKQ Corp. upgraded to Outperform from Market Perform at Barrington Barrington upgraded LKQ Corp. with a $30-$35 price target range citing the recent pullback in shares. The firm believes the sell-off following the "conjecture-laden short report issued in January" creates a "great" entry point into the name.
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.