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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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October 30, 2014
08:07 EDTKMTKennametal raises FY15 restructuring benefits view to $20M-$25M
kennametal now expects restructuring pre-tax benefits of $20M-$25M. Total restructuring pre-tax benefits are now estimated to be in the range of $50M-$55M and total pre-tax charges in the range of $55M-$60M through fiscal 2016, which is consistent with the previously stated period.
08:05 EDTKMTKennametal lowers FY15 EPS view to $2.80-$3.00 from $2.90-$3.20, consensus $3.00
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08:03 EDTKMTKennametal reports Q1 adjusted EPS 56c, consensus 55c
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