Goldman Sachs raised the firm’s price target on Kennametal (KMT) to $32 from $28 and keeps a Sell rating on the shares. The firm raised its estimates largely on tungsten pricing.
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Read More on KMT:
- Kennametal price target raised to $28.50 from $24 at BofA
- 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