J.P. Morgan Reiterates Neutral On Kennametal
In a note out today, J.P. Morgan reiterated a neutral rating on Kennametal (NYSE: KMT).
“The company reported organic order growth of 13% for the three months ending November, with the month of November exhibiting better sequential trends vs. October. The company saw double-digit growth in all geographic regions (NA, Europe and emerging markets) in November. Moreover, customers continue to indicate that demand remains relatively strong, distributors remain bullish and orders are in-line with the company's expectations,” J.P. Morgan said in the note.
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