Loop Capital analyst Chris Dankert raised the firm’s price target on Kennametal (KMT) to $24 from $21 and keeps a Hold rating on the shares. The firm is turning more constructive on the stock, noting that favorable tungsten / pricing gains and FX tailwinds suggest meaningful sales upside vs. FY26 consensus expectations, the analyst tells investors in a research note.
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- Kennametal price target raised to $21 from $20 at Morgan Stanley
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