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Fly News Breaks for January 13, 2017
KMT
Jan 13, 2017 | 08:53 EDT
As previously reported, BofA/Merrill upgraded Kennametal to Neutral from Underperform and raised its price target to $36 from $21. Analyst Ross Gilardi still sees risk to FY17 but said distributor demand started to improve in late 2016 and margins are far below the prior peak.
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