Barclays Maintains Equal-Weight on Kennametal, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Equal-Weight rating on Kennametal (NYSE:KMT) and lowered the price target from $28 to $26.
November 02, 2023 | 3:24 pm
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NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on Kennametal and lowered the price target from $28 to $26.
The lowering of the price target by Barclays indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Kennametal's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100