Kadant Inc. (KAI) PT Raised to $306 at DA Davidson

DA Davidson analyst Kurt Yinger raised the price target on Kadant Inc. (NYSE: KAI) to $306.00 (from $303.00) while maintaining a Neutral rating.

The analyst commented, "Exiting 1Q earnings we maintain our NEUTRAL rating, but bump our PT from $303 to $306 (15.5x 2026E EBITDA). While we remain somewhat cautious around the prospects for 1Q cap. equipment bookings levels to sustain over a multi-quarter period, when taken together with commentary that suggests a strong 2Q as well, there's clearly better visibility to the full-year sales growth outlook. Execution remains sound with continued upside on margins vs expectations and it's possible that 2Q could mark the return to sustained organic sales growth (though we believe the stock is priced as such)."

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• DA Davidson Starts Comfort Systems USA (FIX) at Buy
• Revolution (RVMD) PT Raised to $179 at Bernstein SocGen Group