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Fly News Breaks for May 2, 2017
KMT
May 2, 2017 | 08:47 EDT
Credit Suisse analyst Credit Suisse raised his price target for Kennametal to $45 from $36 following investor meetings in Europe with CEO Ron De Feo and CFO Jan Kees van Gaalen, and Q3 earnings. The analyst came away with "increased confidence" that the company should be in a much better position to gain higher operating leverage than in the past. He reiterates a Neutral rating on the shares.
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