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Fly News Breaks for September 26, 2018
LKQ
Sep 26, 2018 | 08:15 EDT
Jefferies analyst Bret Jordan says that while LKQ's business model has become "increasingly complex" after numerous acquisitions, its underlying businesses remain attractive. LKQ is undervalued as execution concerns following the Q1 and complexity has weighed on the valuation, Jordan tells investors in a research note. He believes improved Europe segment margins will drive multiple expansion and keeps a Buy rating on LKQ Corp. with a $40 price target.
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