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Zacks Investment Research disclosed Kennametal Inc. (NYSE:KMT), boosting its price target to $38.00 earlier today

Yesterday Kennametal Inc. (NYSE:KMT) traded 4.35% higher at $35.13. The company’s 50-day moving average is $33.17 and its 200-day moving average is $28.84. The last stock close price is up 22.22% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time. 1,049,669 shares of the stock were exchanged, down from an average trading volume of 1,150,560

Zacks Investment Research bumped up the price target of Kennametal Inc. (NYSE:KMT) to $38.00 stating a potential upside of 0.08%.

See Chart Below

Kennametal Inc. (NYSE:KMT)

Kennametal Inc. has a 52 week low of $15.11 and a 52 week high of $35.66 The company’s market cap is currently $0.

In addition to Zacks Investment Research 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 Inc. (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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