Reasons Why You Should Hold Kennametal Stock in Your Portfolio Now
KMTKennametal(KMT) ZACKS·2024-09-19 01:21

Kennametal Inc. (KMT) is poised to benefit from solid momentum in aerospace, defense and transportation end markets in the quarters ahead. Growth in production for light vehicle and hybrid project wins bode well for the company. It is witnessing several positive trends in its key end markets that hold promise for long-term growth.The trends include an increase in U.S. and international defense spending volumes, digitalization and recovery in the transportation end market. For fiscal 2025 (ending June 2025), ...