Pivotal-Point Tracking Kennametal (KMT): Jefferies Upgrade and Tungsten Rally Fuel 8% Price Jump!

Kennametal is a globally leading provider of tooling solutions and wear-resistant materials for industries such as aerospace, mining, and defense. On January 13, 2026, an upgrade by Jefferies to "Buy" with a price target of $40 triggered a massive price jump of over 8%. Analysts pointed to the unprecedented price surge in tungsten, a key raw material for carbide tools, which rose by 190% year-on-year. This development significantly strengthens the company's margins while demand in the defense sector surges due to increasing military budgets. Kennametal...