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Stock impact report

Wall Street Maintains a Positive Opinion on LKQ Corporation (LKQ), Here's Why [Yahoo! Finance]

LKQ Corporation (LKQ) 
Last lkq corporation earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Corporation (NASDAQ:LKQ) after the company announced the initiation of a potential sale process for its Specialty segment on December 4. After the release, on December 5, John Babcock from Barclays reiterated a Hold rating on the stock with a $33 price target. More recently, on December 10, Jeff Lick from Stephens initiated LKQ Corporation (NASDAQ:LKQ) with a Buy rating and a $39 price target. Management noted that the commencement of the potential sale of its Specialty segment is part of its multi-year effort to simplify its portfolio. Justin Jude, President and Chief Executive Officer of the company, noted that they demonstrated commitment to their strategy by successfully selling the Self-Service segment. Moreover, the CEO also noted that the decision comes after a careful review of the market environment, which suggests attractive divestiture opportunities. Management noted that they have not yet set a definitive timetable or deadline for the completion of the sale. Jeff Lic Show less Read more
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