UBS raised the firm’s price target on Kennametal (KMT) to $39 from $32 and keeps a Neutral rating on the shares. Kennametal posted a Q2 beat and raise driven by the price of tungsten, the analyst tells investors in a research note.
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Read More on KMT:
- 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
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