Kadant price target raised to $225 from $205 at DA Davidson

DA Davidson raised the firm’s price target on Kadant to $225 from $205 and keeps a Neutral rating on the shares. The analyst cites the company’s stronger than expected Q3 results and guidance raise, noting that its performance through the year has been much more resilient than anticipated, which comes in contrast to the more challenged operating environment of certain key forest product customers.