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JPMorgan upgraded Kennametal (NYSE:KMT) from Neutral to Overweight in a report released today.

Just yesterday Kennametal (NYSE:KMT) traded 0.50% higher at $33.74. Kennametal’s 50-day moving average is $37.37 and its 200-day moving average is $38.33. The last stock price is down -11.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 312,542 shares of the stock were exchanged, down from an average trading volume of 983,152

JPMorgan has upgraded Kennametal (NYSE:KMT) from Neutral to Overweight in a report released on 8/17/2017.

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Kennametal (NYSE:KMT)

Kennametal has a 52 week low of $26.10 and a 52 week high of $43.09 with a P/E ratio of 55.59 The company’s market cap is currently $0.

In addition to JPMorgan reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $23.82 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 9 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Kennametal (NYSE:KMT)

Kennametal Inc. is a supplier of tooling, engineered components and materials consumed in production processes. The Company operates through two segments: Industrial and Infrastructure. The Industrial segment generally serves customers that operate in industrial end markets, such as transportation, general engineering, aerospace and defense. The Infrastructure segment generally serves customers that operate in the earthworks and energy sectors supporting primary industries, such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. It provides wear-resistant products, application engineering and services backed by material science serving customers across various sectors. The Company's product offerings include a selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as materials, such as cemented tungsten carbide products and super alloys.

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