LKQ Corp. price target raised to $55 from $54 at JPMorgan

JPMorgan analyst Ryan Brinkman raised the firm’s price target on LKQ Corp. to $55 from $54 and keeps an Overweight rating on the shares following the investor day. The company highlighted its renewed emphasis on operational excellence, aimed at simplifying the business portfolio and operations, the analyst tells investors in a research note. The firm says LKQ is now prioritizing shareholder returns and debt repayment towards which it expects to allocate 60% of operating cash flow between 2025-2027.