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Fly News Breaks for November 1, 2019
Nov 1, 2019 | 08:23 EDT
SunTrust analyst Stephanie Benjamin raised her price target on LKQ to $40 and kept her Buy rating after its Q3 results yesterday. The analyst says she is "incrementally more positive" on the company's ability to grow its EBITDA margins by double digits with a "meaningful" cash flow generation. Benjamin adds that investors are "overlooking" the margin improvement opportunity at LKQ Corp with shares trading at the low end of their historical multiple range.
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