Kennametal pullback a buying opportunity, says Barrington Barrington believes Kennametal's organic volumes are currently bottoming and recommends buying the stock on today's pullback. The firm thinks Kennametal can see strong earnings over the next few years following this morning's guidance reset and keeps an Outperform rating on the stock.
News For KMT From The Last 14 Days
Check below for free stories on KMT the last two weeks.
Kennametal downgraded to Underperform from Neutral at BofA/Merrill As previously reported, BofA/Merrill downgraded Kennametal to Underperform from Neutral. The firm has concerns regarding margin trends in the core business and the recent Allegheny acquisition and that expectations are overly optimistic. Price target lowered to $42.