Morgan Stanley Sticks to Their Hold Rating for Kennametal (KMT)
In a report released today, Angel Castillo from Morgan Stanley maintained a Hold rating on Kennametal, with a price target of $36.00.
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According to TipRanks, Castillo is a 3-star analyst with an average return of 1.2% and a 54.61% success rate. Castillo covers the Industrials sector, focusing on stocks such as Caterpillar, Oshkosh, and Donaldson Company.
In addition to Morgan Stanley, Kennametal also received a Hold from Barclays’s Julian Mitchell in a report issued yesterday. 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 $40 from $28 at Barclays
- 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
