Loop Capital Maintains Hold on Kennametal, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Chris Dankert maintains a Hold rating on Kennametal (NYSE:KMT) and raises the price target from $22 to $24.
August 22, 2024 | 1:15 pm
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Loop Capital has maintained its Hold rating on Kennametal and increased the price target from $22 to $24, indicating a slightly more positive outlook.
The increase in price target from $22 to $24 suggests a slightly more optimistic view on Kennametal's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase.
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