Jefferies Starts Kennametal (KMT) at Buy
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Price: $30.26 +1.61%
Rating Summary:
5 Buy, 9 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 9 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Kennametal (NYSE: KMT) with a Buy. PT $40.00.
The analyst stated, "Levered to expanding industrial production globally, we believe that the company's innovative products and an expanding geographic footprint can provide significant growth while a rationalization of costs results in continued margin expansion."
For more ratings news on Kennametal click here and for the rating history of Kennametal click here.
Shares of Kennametal closed at $30.97 yesterday.
The analyst stated, "Levered to expanding industrial production globally, we believe that the company's innovative products and an expanding geographic footprint can provide significant growth while a rationalization of costs results in continued margin expansion."
For more ratings news on Kennametal click here and for the rating history of Kennametal click here.
Shares of Kennametal closed at $30.97 yesterday.
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