Kennametal (KMT) in Pivotal Point Check: Specialist in Metalworking Benefits from Defense and Aerospace Expansion - Price Surge in Tungsten Leads to Jefferies Upgrade with $40 Price Target!
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Jefferies upgrades to "Buy" and significantly raises price target to $40. Rapidly rising tungsten prices act as a profit accelerator for the hard metal specialist. Company benefits from recovery in aerospace, defense, and energy sectors. Kennametal, a provider of materials science and wear-resistant solutions, saw a significant jump in its stock price on Tuesday, January 13, 2026. The stock rose over 8% on high trading volume, marking a new 52-week high. The catalyst for this dynamic upward movement was a positive analyst report from...
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