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norges bank invests in kennametal as analysts lower price targets

Norges Bank acquired a new position in Kennametal worth approximately $5.5 million in Q4. The company, which specializes in tungsten carbides and super-hard materials, has faced mixed analyst ratings, with Barclays lowering its price target to $24.00. Recent insider buying by CEO Sanjay Chowbey and significant institutional investments highlight ongoing interest in the stock, despite its current "Reduce" rating among analysts.

ubs lowers kennametal price target to nineteen maintains sell rating

UBS has lowered its price target for Kennametal Inc. to $19 from $21 while maintaining a sell rating. Kennametal specializes in materials science and tooling solutions, serving sectors such as aerospace, energy, and transportation through its Metal Cutting and Infrastructure segments. The company focuses on developing tungsten carbides and wear-resistant materials to enhance productivity and durability in extreme conditions.

Kennametal to Participate in UBS Global Industrials and Transportation Conference

Kennametal Inc. will participate in the UBS Global Industrials and Transportation Conference on December 3, 2024, in Manalapan, Florida. Attendees include Patrick Watson, Vice President and CFO, and Michael Pici, Vice President of Investor Relations. The company, a leader in industrial technology for over 85 years, generated $2 billion in revenues in fiscal 2024, serving customers in various sectors worldwide.
13:00 12.11.2024
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