Barrington Research Reiterates Kennametal Outperform

Barrington Research reiterated its Kennametal

Outperform rating in a research report published today. Barrington Research has a $55 price target on Kennametal shares. In the report, Barrington Research states, "We believe that due to sales growth and operating leverage, KMT can achieve a higher ROIC and a long-term EPS growth rate of 15-20%. As such, we believe that KMT's current share price is not reflecting the long-term earnings power." Shares of Kennametal were trading at $39.48 at the time of posting, up 6.44% from Friday's market close.