Kadant price target raised to $300 from $290 at DA Davidson

DA Davidson analyst Kurt Yinger raised the firm’s price target on Kadant to $300 from $290 and keeps a Neutral rating on the shares. The company reported an impressive Q2 but guided Q3 below estimates while only raising the full-year outlook a touch, the analyst tells investors in a research note. Organic sales performance was a bright spot, driven by surprising strength in capital equipment that bucked what has been a string of weaker bookings quarters, the firm added.