Roth Capital Starts Fenix Parts (FENX) at Buy

Roth Capital initiates coverage on Fenix Parts (NASDAQ: FENX) with a Buy rating and a price target of $9.00.

Analyst Matt Koranda commented, "We expect FENX to become a strong supplier of recycled OEM products, offering repair shops an alternative to larger peer LKQ (NYSE: LKQ – NC) and small independent providers. We see multiple benefits from the combination of FENX’s network of recycled parts providers which should enable improved fill rates, better margins, and result in profitability in 2016 and beyond. We expect FENX to remain highly acquisitive in the fragmented OEM recycling segment."

For an analyst ratings summary and ratings history on Fenix Parts click here. For more ratings news on Fenix Parts click here.

Shares of Fenix Parts closed at $6.60 yesterday.

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