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.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KMT:
- Kennametal’s Price Target Reduced Amid Weak Market Outlook and Earnings Pressure
- Kennametal Inc. Reports Mixed Q2 2025 Results
- Kennametal Earnings Call: Facing Challenges Amidst Aerospace Growth
- Kennametal cuts FY25 adjusted EPS view to $1.05-$1.30 from $1.30-$1.70
- Kennametal reports Q2 adjusted EPS 25c, consensus 26c