LKQ Corp. price target lowered to $56 from $59 at Roth MKM

Roth MKM lowered the firm’s price target on LKQ Corp. (LKQ) to $56 from $59 and keeps a Buy rating on the shares ahead of Q4 results. The firm is tempering the slope of an expected recovery in the back half of this year, notably in the North American Wholesale business, and also factoring the impact of a stronger USD on the European-based business, the analyst tells investors in a research note.