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Stock Market & Financial Investment News

News Breaks
April 7, 2014
06:41 EDTKMTKennametal 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.
News For KMT From The Last 14 Days
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August 19, 2014
08:11 EDTKMTKennametal announces departure of CEO Carlos Cardoso
Kennameta announced that Chairman, President and CEO Carlos Cardoso has decided to retire from the company effective on December 31. This will be a seamless leadership transition as the company's board of directors commences its search for Cardoso's successor, which members expect to complete before the end of the year. The search process will consider both internal and external candidates.

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