** J.P.Morgan cut its price target on auto parts distributor LKQ Corp LKQ.O to $40 from $49
** New PT is still 26% above stock's last close
** Maintains rating at 'overweight'
** Co on Thursday trimmed its full-year profit and revenue outlook, citing subdued demand for auto parts in North America and Europe
** J.P.Morgan says despite some operational positives, co's full-year guidance cut was overdue and reflects weaker-than expected recovery in North American repairable claims
** Says passing on tariff costs to customers will likely make aftermarket parts more expensive for body shops
** Shares up about 1% at $32, in premarket trade
** Seven of nine brokerages rate the stock "buy" or higher, two "hold"; their median PT is $44.25- data compiled by LSEG
** As close, stock had fallen 13.7% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。