Kennametal downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Kennametal due to high organic growth expectations and lack of capital allocation catalysts. Price target remains $50.
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.