BofA analyst Michael Feniger raised the firm’s price target on Kennametal (KMT) to $28.50 from $24 and keeps an Underperform rating on the shares following “strong” fiscal Q2 results and raised FY26 guidance. While “encouraged” by improving volumes and earnings growth in 2026, the firm is “cautious to extrapolate the full benefit into 2027,” the analyst tells investors.
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Read More on KMT:
- Kennametal price target raised to $39 from $32 at UBS
- Kennametal: Transitory Tungsten Tailwinds and Earnings Uncertainty Drive Underperform (Sell) Rating
- Kennametal Earnings Call: Pricing Power Lifts Outlook
- Kennametal sees Q3 adjusted EPS 50c-60c, consensus 53c
- Kennametal raises FY26 adjusted EPS view to $2.05-$2.45 from $1.35-$1.65