JP Morgan Maintains Underweight on Kennametal, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tami Zakaria maintains an Underweight rating on Kennametal (NYSE:KMT) and lowers the price target from $30 to $26.
October 16, 2023 | 2:52 pm
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NEGATIVE IMPACT
JP Morgan has maintained an Underweight rating on Kennametal and lowered the price target from $30 to $26.
The lowered price target by JP Morgan indicates a bearish outlook for Kennametal. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100