Kennametal (KMT) Receives a Rating Update from a Top Analyst
In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Kennametal, with a price target of $40.00.
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Mitchell covers the Industrials sector, focusing on stocks such as GE Vernova Inc., Eaton, and Emerson Electric Company. According to TipRanks, Mitchell has an average return of 17.4% and a 69.67% success rate on recommended stocks.
In addition to Barclays, Kennametal also received a Hold from UBS’s Steven Fisher in a report issued on February 5. However, on February 6, Goldman Sachs maintained a Sell rating on Kennametal (NYSE: KMT).
Based on Kennametal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $529.5 million and a net profit of $33.89 million. In comparison, last year the company earned a revenue of $482.05 million and had a net profit of $17.93 million
Read More on KMT:
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- Kennametal price target raised to $32 from $28 at Goldman Sachs
- Kennametal price target raised to $28.50 from $24 at BofA
- Kennametal price target raised to $39 from $32 at UBS
- Kennametal: Transitory Tungsten Tailwinds and Earnings Uncertainty Drive Underperform (Sell) Rating
- Kennametal Earnings Call: Pricing Power Lifts Outlook
