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Fly News Breaks for February 4, 2020
Feb 4, 2020 | 07:25 EDT
BofA analyst Ross Gilardi lowered his price target for Kennametal to $25 from $27 and kept an Underperform rating on the shares following the company's Q2 results, which missed estimates, and a deep guidance cut, its second in four months. In a research note to investors, Gilardi says while the environment remains difficult, competitor Sandvik reported SMS margin of over 20%, vs. Kennametal's 4.8%, while producing "record" free cash flow.
News For KMT From the Last 2 Days
Oct 27, 2021 | 07:28 EDT
BofA analyst Ross Gilardi upgraded Kennametal to Neutral from Underperform with a $45 price target. The company is coming off a couple of "decent quarters" in spite of the "tumultuous" time in the markets, while its energy exposure will likely start to become more appealing, the analyst tells investors in a research note.