Barclays lowered the firm’s price target on Kennametal to $26 from $28 and keeps an Equal Weight rating on the shares post the fiscal Q1 report. The firm expects a neutral to slightly negative share price reaction, amid low expectations. The analyst reduced earnings estimates below the fiscal 2024 outlook saying industrial pressures are building.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on KMT: