Kadant price target lowered to $275 from $300 at DA Davidson

DA Davidson analyst Kurt Yinger lowered the firm’s price target on Kadant (KAI) to $275 from $300 and keeps a Neutral rating on the shares after its Q1 results and guidance. Direct tariff impacts are relatively modest and manageable, but a soft start to the year for capital bookings, weak Q2 guide, and downwardly revised full-year outlook that still contemplates a meaningful back-half ramp in project activity keeps the firm cautious over the near term, the analyst tells investors in a research note.