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Fly News Breaks for October 31, 2016
KMT
Oct 31, 2016 | 07:11 EDT
Goldman analyst Samuel Eisner upgraded Kennametal to Buy and raised its price target to $36 from $26 citing end market stabilization. Eisner said Q1 organic growth of 2% indicates core industrial end market are inflecting and sees sequential stabilization in Mining and recovering rig counts helping O&G, and sees potential upside as easing Mining/O&G comps help 2H mix improvement.
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