UPDATE: J.P. Morgan Downgrades Kennametal to Neutral Following FQ4'13 Report
July 26, 2013 at 11:11 AM EDT
In a report published Friday, J.P. Morgan analyst Ann Duignan downgraded the rating on Kennametal (NYSE: KMT ) from Overweight to Neutral, but reiterated the $46.00 price target. In the report, J.P. Morgan noted, “KMT posted a slightly upside FQ4'13 report, and issued its FY'14 EPS outlook; the stock was
