LKQ Corp. price target lowered to range of $40-$45 from $60 at Barrington

Barrington lowered the firm’s price target on LKQ Corp. (LKQ) to a range of $40-$45 from $60 and keeps an Outperform rating on the shares. The firm, which reduced its 2025 and 2026 adjusted EPS estimates to $3.00 and $3.20 from $3.55 and $3.84, respectively, after Q2 results came in below expectations, believes the decline in price of almost 18% after the Q2 report has “created an excellent long-term entry point.”