Fly News Breaks for July 26, 2019
Jul 26, 2019 | 08:57 EDT
As previously reported, Raymond James analyst Samuel Darkatsh downgraded LKQ Corp. to Market Perform from Outperform citing valuation following the post-earnings "relief rally" in the shares. LKQ reported strong gross margins in North America, but performance in the rest of the business remains "discouraging," said Darkatsh, who sees increased execution risk as the company will follow up its restructuring program with plans to "transform and fully integrate" Europe.
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