Monday, April 25, 2011

Kennametal (KMT) Upgraded to "Buy" from Longbow

Longbow Research analysts upgraded shares of Kennametal Inc. (NYSE:KMT) from a “Neutral” rating to a “Buy” rating.

Kennametal Inc. is one of the top global suppliers of tooling, engineered components and advanced materials consumed in production processes. The company helps its customers to compete more effectively by providing superior economic returns through the delivery of application knowledge and advanced technology to master the toughest of materials application demands. Companies producing everything from airframes to coal, from medical implants to oil wells and from turbochargers to motorcycle parts recognize Kennametal for extraordinary contributions to their value chains.

Kennametal Inc. was trading at $40.29, gaining $0.09, or 0.22 percent, as of 1:13 PM EDT.

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