Kennametal price target lowered to $25 from $26 at Barclays

Barclays lowered the firm’s price target on Kennametal to $25 from $26 and keeps an Equal Weight rating on the shares post the fiscal Q2 report. The valuation that investors put on potential trough earnings is likely to be capped at a low level by secular concerns over Kennametal’s top-line and margin trajectory, the analyst tells investors in a research note.