Morgan Stanley analyst Angel Castillo lowered the firm’s price target on Kennametal (KMT) to $24 from $28 and keeps an Equal Weight rating on the shares. The firm lowered its FY25 adjusted EPS estimate to $1.18 from $1.46 and its FY26 adjusted EPS estimate to $1.37 from $1.55, the analyst tells investors after a model update.
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