After a volatile six months, LKQ Corporation (NASDAQ:LKQ)’s stock price is at the same level as it was immediately after Prescience Point first unveiled its short position, sending the stock tumbling from $32 to $26 (currently $25.59), but Stifel analyst James J. Albertine is maintaining his Buy rating and $39 price target for the automotive replacement parts company ahead of its 2Q earnings statement expected on July 31. “As we expect in line results in 2Q (by and large), we believe many investors will continue to focus on organic growth trends, flow through of 2011-2013 vintage M&A, pressures from higher…
Comments are closed.