Goldman Sachs Upgrades Kennametal To Neutral

Analysts at Goldman Sachs upgraded Kennametal Inc. KMT from Sell to Neutral. The price target for Kennametal has been raised from $28.00 to $37.00. Kennametal shares have dropped 19.64 percent over the past 52 weeks, while the S&P 500 index has surged 11.25 percent in the same period. Kennametal shares rose 6.28 percent to close at $38.41 yesterday.