Kennametal Reduces Fiscal 2016 Outlook Due To Weakening End Market Conditions
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Kennametal (KMT) Analyst Day Provides Little Detail Surrounding EPS Guide Down - Jefferies Cuts Price Target to $30
December 16, 2015 8:58 AM ESTJefferies maintained a Buy rating on Kennametal (NYSE: KMT), and cut the price target to $30.00 (from $40.00), following the company's analyst day. The analyst day provided little detail around KMT's announcement that EPS would be down 30-60% from last guidance of $1.50- $1.70 for FY2016.... More
Longbow Research Downgrades Kennametal (KMT) to Underperform
December 16, 2015 6:59 AM ESTLongbow Research downgraded Kennametal (NYSE: KMT) from Neutral to Underperform with a price target of $16.50.
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 $20.71 yesterday.
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