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Fly News Breaks for March 21, 2018
IR, KMT
Mar 21, 2018 | 05:10 EDT
Jefferies analyst Steve Volkmann added Kennametal (KMT) to his firm's Franchise Picks List while removing Ingersoll-Rand (IR). The analyst believes Kennametal management can mitigate the impact to earnings from higher raw material costs, labor costs and production bottlenecks. He views the company as one of the most attractive self-help stories under his coverage. Volkmann keeps a Buy rating on Kennametal with a $60 price target.
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