J.P. Morgan Reiterates Neutral On Kennametal

In a note out today, J.P. Morgan reiterated a neutral rating on Kennametal

. “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.