Kennametal (KMT) Tops Q3 EPS by 5c, Raises FY EPS Guidance

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Go back to Kennametal (KMT) Tops Q3 EPS by 5c, Raises FY EPS Guidance

Kennametal (KMT) PT Raised to $44 at Stifel Following 3Q Report

April 27, 2017 8:35 AM EDT

Stifel raised its price target on Kennametal (NYSE: KMT) to $44.00 (from $38.00) while maintaining a Hold rating. Total 3Q revenues increased 6% y/y to $529 million . Organic sales increased 5% y/y, business days (+2%), and FX (-1%).

Stifel's FY17 EPS increased to $1.56 from $1.36 on revenues of $2.038... More