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Stock Market & Financial Investment News

News Breaks
February 14, 2014
09:07 EDTKMTKennametal reports orders flat on organic basis for 3 months end January
Kennametal reported orders for the 3 months ended January 31 rose 12% on both of U.S. dollar and local currency basis. Consolidated orders reflected acquisition growth related to the Tungsten Materials Business. On an organic basis, orders were relatively similar to prior year levels. Kennametal's order rates were mixed for the month of January. The company said, "Although extreme weather conditions had some temporary slowing impact to customer activity, the Industrial segment continued to generate year-over-year growth, primarily in its tooling business. However, order rates for the Infrastructure segment was lower compared with prior year, due to reduced volumes in its mining and energy businesses." Kennametal continues to expect organic revenue growth in the 2%-4% range for FY14, as stated in the company's recent earnings announcement.
News For KMT From The Last 14 Days
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October 13, 2014
10:08 EDTKMTOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bankrate (RATE) downgraded to Equal Weight from Overweight at Stephens... CME Group (CME) downgraded to Market Perform from Outperform at Wells Fargo... Cliffs Natural (CLF) downgraded to Neutral from Overweight at JPMorgan... Dana Holding (DAN) downgraded to Sector Perform from Outperform at RBC Capital... Darden (DRI) downgraded to Neutral from Overweight at Piper Jaffray... Dover (DOV) downgraded to Neutral at RW Baird... DryShips (DRYS) downgraded to Underperform from Outperform at Imperial Capital... Infineon (IFNNY) downgraded to Neutral from Overweight at JPMorgan... J.C. Penney (JCP) downgraded to Sell from Neutral at UBS... Johnson Controls (JCI) downgraded to Outperform from Top Pick at RBC Capital... Juniper (JNPR) downgraded to Hold from Buy at Argus... Kennametal (KMT) downgraded to Market Perform from Outperform at Wells Fargo... Masco (MAS) downgraded to Equal Weight from Overweight at Barclays... New Gold (NGD) downgraded to Neutral from Overweight at JPMorgan... ON Semiconductor (ONNN) downgraded to Sector Perform from Outperform at Pacific Crest... PBF Energy (PBF) downgraded to Underweight from Equal Weight at Barclays... Parker-Hannifin (PH) downgraded to Market Perform from Outperform at Wells Fargo... STMicroelectronics (STM) downgraded to Neutral from Overweight at JPMorgan... Silicon Laboratories (SLAB) downgraded to Sector Perform at Pacific Crest... VOXX International (VOXX) downgraded to Market Perform from Outperform at Cowen.
05:38 EDTKMTKennametal downgraded to Market Perform from Outperform at Wells Fargo
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