UPDATE 1-Raymond James cuts LKQ to market perform; shares fall

Newswire

(Adds details, share movement) June 19 (Reuters) - Raymond James downgraded LKQ Corp to "market perform" from "outperform," citing a softening demand and concerns about the automobile parts recycler's Keystone integration, sending its shares down as much as 12 percent. "Our change in thinking is related to a number of negative macro trends and a now less sanguine view of the Keystone integration issues," Raymond James analyst Sam Darkatsh said in a note to clients. The slowing, even if ...

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