Kennametal Announces Fiscal Third Quarter 2015 Results, Additional Restructuring Initiatives

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Goldman Sachs Upgrades Kennametal (KMT) to Neutral

May 6, 2015 6:33 AM EDT

Goldman Sachs upgraded Kennametal (NYSE: KMT) from Sell to Neutral with a price target of $37.00 (from $28.00).

For an analyst ratings summary and ratings history on Kennametal click here. For more ratings news on Kennametal click here.

Shares of Kennametal closed at $38.41 yesterday.

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Kennametal (KMT) Tops Q3 EPS by 2c; Tightens Full Year Outlook

May 5, 2015 8:02 AM EDT

Kennametal (NYSE: KMT) reported Q3 EPS of $0.46, $0.02 better than the analyst estimate of $0.44. Revenue for the quarter came in at $639 million versus the consensus estimate of $645.56 million.

Kennametal sees FY2015 EPS of $1.95-$2.05, versus prior guidance of $1.90-$2.10 and the consensus of... More