Kennametal, Inc. (KMT) Tops Q3 EPS by 2c; Lowers FY14 EPS Midpoint
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Wells Fargo Upgrades Kennametal (KMT) to Outperform; Analyst Sees Value
May 2, 2014 8:07 AM EDTWells Fargo upgraded Kennametal (NYSE: KMT) from Market Perform to Outperform with a price target of $56-$59 (from $45-$48.) Analyst Andrew Casey believes the stock represents good relative value.
"KMT modestly reduced FY2014 guidance in the FQ3 2014 release. We believe that will be the last decrease for the foreseeable future. Despite a positive reaction to the May 1, 2014... More
