Kennametal price target raised to $25 from $22 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Kennametal (KMT) to $25 from $22 and keeps a Sell rating on the shares. Kennametal’s Q1 results exceeded expectations, with segment EBIT 21% above consensus and organic sales up 3%, marking its first positive growth in two years, the analyst tells investors in a research note. Management raised FY26 EPS guidance on improved pricing benefits, though sustained growth momentum remains key for a more constructive outlook, the firm says.