Barrington Research Maintains Kennametal Outperform

Barrington Research maintained its Kennametal

Outperform rating in a research report published today. Barrington has a $47 price target on Kennametal shares. In the report, Barrington Research states, "Recent market share gains suggested that KMT's shareholders should benefit from 2012-2013 earnings growth. The Deloro Stellite deal, which should close in April 2012, looks nicely accretive and represents a positive near-term growth opportunity due to exposure to worldwide energy markets." Shares of Kennametal were trading at $42.34 at the time of posting, up 3% from Monday's market close.